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<title>CRE Market Pulse — RENTV.com</title>
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<!-- ── House chrome ── -->
<header class="top">
  <button class="burger" id="burger" aria-label="Menu">
    <svg width="22" height="22" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2.2" stroke-linecap="round"><path d="M3 6h18M3 12h18M3 18h18"/></svg>
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  <div class="dh"><div class="w">REN<span>TV</span></div><button id="dx" aria-label="Close">&times;</button></div>
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  <nav><a href="/search">🔎 Search</a><a href="/market-pulse" class="active">📈 Rates &amp; Capital Markets</a><a href="/pulse">📊 Market Pulse (Deal Flow)</a><a href="/markets">🏙️ Markets</a></nav>
  <div class="grp"><div class="gt">Sections</div></div>
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</aside>

<div class="mp-layout">
<aside class="mp-rail" id="mpRail">
  <div class="rail-h">Market Data</div>
  <div id="mpRailData"></div>
  <div class="rail-foot">All fields shown · click a category to expand · full nav in the ☰ menu</div>
</aside>
<div class="wrap">

  <div class="pulse-band">
    <div class="pb-head">
      <span class="k">CRE Market Pulse</span>
      <h1>Rates &amp; Capital Markets</h1>
      <span class="d">U.S. Treasury curve · credit spreads · REIT performance · SoCal fundamentals</span>
    </div>
    <div class="status">
      <div class="live"><span class="dot"></span>Live Feed</div>
      <div class="clock">
        <span class="lbl">Data as of</span>
        <span class="val" id="timestamp">—</span>
      </div>
    </div>
  </div>

  <!-- KPI TILES -->
  <div class="sec-title">US Treasury Yield Curve <span class="hint" id="curveHint"></span></div>
  <div class="kpis" id="kpis"></div>

  <!-- CHARTS -->
  <div class="grid">
    <div class="panel">
      <div class="sec-title">Yield Curve <span class="hint">Constant-maturity Treasury yields (%)</span></div>
      <canvas id="yieldCurve" height="300"></canvas>
      <div class="curve-foot" id="curveFoot"></div>
    </div>
    <div class="panel">
      <div class="sec-title">Credit &amp; Curve Spreads <span class="hint">basis points</span></div>
      <div class="spreads" id="spreads"></div>
    </div>
  </div>

  <!-- LOWER -->
  <div class="grid lower">
    <div class="panel">
      <div class="sec-title">REIT Performance <span class="hint">session change</span></div>
      <div class="reits" id="reits"></div>
      <div class="reit-scale"><span>−1.0%</span><span>flat</span><span>+1.0%</span></div>
    </div>
    <div class="panel">
      <div class="sec-title">Market Fundamentals <span class="hint">SoCal CRE</span></div>
      <div class="funds" id="funds"></div>
    </div>
  </div>

  <footer class="pulse-foot">
    <div class="disc">
      Snapshot for informational purposes only — not investment advice. Yields are constant-maturity
      Treasury rates; REIT levels are last-session close. Fundamentals sourced from cited market reports.
    </div>
    <div>© <span id="yr"></span> RENTV.com · CRE Market Pulse</div>
  </footer>

</div>
</div>

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    {"label": "5-Year",  "value": "4.46%", "change_bps": 5, "dir": "up"},
    {"label": "10-Year", "value": "4.70%", "change_bps": 5, "dir": "up"},
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    {"label": "10Y – 3M (curve)",  "value": "+90 bps", "dir": "up"}
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    {"label": "DJ U.S. Real Estate",       "value": "394.84",   "change_pct": -0.22, "dir": "down"},
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    {"label": "IE INDUSTRIAL CAP",  "value": "5.2%",  "as_of": "Q2 2026", "source": "Colliers IE industrial"}
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};
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/* ---------- 1. KPI tiles (curve tenors + spreads) ---------- */
function renderKPIs(){
  const el = $('#kpis');
  const curveTiles = marketData.curve.map(c => `
    <div class="kpi ${c.dir}">
      <div class="k-lbl">${c.label} UST</div>
      <div class="k-val">${c.value}</div>
      <div class="k-delta"><span class="arrow">${arrow(c.dir)}</span>${Math.abs(c.change_bps)} bps</div>
    </div>`);
  const spreadTiles = marketData.spreads.map(s => `
    <div class="kpi ${s.dir}">
      <div class="k-lbl">${s.label}</div>
      <div class="k-val">${s.value.replace(/\s*bps/,'')}<span style="font-size:13px;color:var(--ink-faint)"> bps</span></div>
      <div class="k-delta"><span class="arrow">${arrow(s.dir)}</span>${num(s.value) >= 0 ? 'steepening' : 'inverted'}</div>
    </div>`);
  el.innerHTML = curveTiles.concat(spreadTiles).join('');

  const dirs = marketData.curve.map(c => c.dir);
  const allUp = dirs.every(d => d === 'up');
  const allDn = dirs.every(d => d === 'down');
  $('#curveHint').textContent = allUp ? 'Bear steepening — all tenors higher'
    : allDn ? 'Bull move — all tenors lower' : '';
}

/* ---------- 2. Yield curve line chart (hand-drawn canvas, DPR-aware) ---------- */
function drawYieldCurve(){
  const cv  = $('#yieldCurve');
  const dpr = window.devicePixelRatio || 1;
  const cssW = cv.clientWidth || 640;
  const cssH = parseInt(cv.getAttribute('height'), 10);
  cv.width  = cssW * dpr;
  cv.height = cssH * dpr;
  const ctx = cv.getContext('2d');
  ctx.setTransform(dpr, 0, 0, dpr, 0, 0);
  ctx.clearRect(0, 0, cssW, cssH);

  const data = marketData.curve;
  const padL = 46, padR = 22, padT = 30, padB = 34;
  const W = cssW - padL - padR;
  const H = cssH - padT - padB;

  const vals = data.map(d => num(d.value));
  const dMin = Math.min(...vals), dMax = Math.max(...vals);
  const lo = Math.floor((dMin - 0.25) * 4) / 4;
  const hi = Math.ceil((dMax + 0.25) * 4) / 4;
  const x = i => padL + (data.length === 1 ? W/2 : i * (W / (data.length - 1)));
  const y = v => padT + H - ((v - lo) / (hi - lo)) * H;

  ctx.font = '11px ' + getCSS('--mono');
  ctx.textBaseline = 'middle';

  const steps = 4;
  for (let i = 0; i <= steps; i++){
    const v = lo + (hi - lo) * (i / steps);
    const yy = y(v);
    ctx.strokeStyle = 'rgba(28,37,54,.9)';
    ctx.lineWidth = 1;
    ctx.beginPath(); ctx.moveTo(padL, yy); ctx.lineTo(padL + W, yy); ctx.stroke();
    ctx.fillStyle = '#5b6879';
    ctx.textAlign = 'right';
    ctx.fillText(v.toFixed(2) + '%', padL - 8, yy);
  }

  const grad = ctx.createLinearGradient(0, padT, 0, padT + H);
  grad.addColorStop(0, 'rgba(56,189,248,.28)');
  grad.addColorStop(1, 'rgba(56,189,248,0)');
  ctx.beginPath();
  ctx.moveTo(x(0), y(vals[0]));
  for (let i = 1; i < data.length; i++) ctx.lineTo(x(i), y(vals[i]));
  ctx.lineTo(x(data.length - 1), padT + H);
  ctx.lineTo(x(0), padT + H);
  ctx.closePath();
  ctx.fillStyle = grad;
  ctx.fill();

  ctx.beginPath();
  ctx.moveTo(x(0), y(vals[0]));
  for (let i = 1; i < data.length; i++) ctx.lineTo(x(i), y(vals[i]));
  ctx.strokeStyle = '#38bdf8';
  ctx.lineWidth = 2.5;
  ctx.lineJoin = 'round';
  ctx.shadowColor = 'rgba(56,189,248,.5)';
  ctx.shadowBlur = 10;
  ctx.stroke();
  ctx.shadowBlur = 0;

  data.forEach((d, i) => {
    const px = x(i), py = y(vals[i]);
    ctx.beginPath(); ctx.arc(px, py, 4.5, 0, Math.PI * 2);
    ctx.fillStyle = '#0e131c'; ctx.fill();
    ctx.lineWidth = 2.5; ctx.strokeStyle = '#38bdf8'; ctx.stroke();

    ctx.fillStyle = '#e8edf5';
    ctx.font = 'bold 12px ' + getCSS('--mono');
    if (i === 0)                    { ctx.textAlign = 'left';  ctx.fillText(d.value, px - 4,  py - 16); }
    else if (i === data.length - 1) { ctx.textAlign = 'right'; ctx.fillText(d.value, px + 4,  py - 16); }
    else                            { ctx.textAlign = 'center';ctx.fillText(d.value, px,      py - 16); }

    ctx.fillStyle = '#8a97ad';
    ctx.font = '11px ' + getCSS('--sans');
    ctx.fillText(d.label.replace('-', ' '), px, padT + H + 18);
  });

  // caption footer — computed from live data so it never contradicts the tiles
  const front = data[0], back = data[data.length - 1];
  const spread = Math.round((num(back.value) - num(front.value)) * 100);
  $('#curveFoot').innerHTML = `
    <span>Front end <b>${front.value}</b> · Long end <b>${back.value}</b></span>
    <span>Curve is <b>${spread >= 0 ? 'upward-sloping' : 'inverted'}</b> (${spread >= 0 ? '+' : ''}${spread} bps ${front.label.replace('-',' ')}→${back.label.replace('-',' ')})</span>`;
}

/* ---------- 3. Credit / curve spreads ---------- */
function renderSpreads(){
  const el = $('#spreads');
  const vals = marketData.spreads.map(s => Math.abs(num(s.value)));
  const max = Math.max(...vals, 1);
  el.innerHTML = marketData.spreads.map(s => {
    const v = num(s.value);
    const pct = Math.max(6, Math.abs(v) / max * 100);
    return `
      <div class="spread">
        <div class="row1">
          <span class="s-lbl">${s.label}</span>
          <span class="s-val ${s.dir}">${arrow(s.dir)} ${s.value}</span>
        </div>
        <div class="bar-track"><div class="bar-fill" style="width:0%" data-w="${pct}"></div></div>
        <small>${Math.abs(v)} bps ${v >= 0 ? 'positive' : 'inverted'} · steeper vs prior</small>
      </div>`;
  }).join('');
  requestAnimationFrame(() => el.querySelectorAll('.bar-fill')
    .forEach(b => b.style.width = b.dataset.w + '%'));
}

/* ---------- 4. REIT performance (diverging bars around zero) ---------- */
function renderReits(){
  const el = $('#reits');
  const SCALE = 1.0; // ±1% = full half-width
  el.innerHTML = marketData.reits.map(r => {
    const p = r.change_pct;
    const w = Math.min(50, Math.abs(p) / SCALE * 50);
    const bar = r.dir === 'up'
      ? `<div class="r-bar up" style="width:0%" data-w="${w}"></div>`
      : r.dir === 'down'
        ? `<div class="r-bar down" style="width:0%" data-w="${w}"></div>`
        : '';
    const pctTxt = (p > 0 ? '+' : '') + p.toFixed(2) + '%';
    return `
      <div class="reit">
        <div class="r-top">
          <span class="r-lbl">${r.label}</span>
          <span class="r-val">${r.value}</span>
        </div>
        <div class="r-track">
          <div class="r-mid"></div>
          ${bar}
          <span class="r-pct ${r.dir}">${arrow(r.dir)} ${pctTxt}</span>
        </div>
      </div>`;
  }).join('');
  requestAnimationFrame(() => el.querySelectorAll('.r-bar')
    .forEach(b => b.style.width = b.dataset.w + '%'));
}

/* ---------- 5. Fundamentals KPI tiles ---------- */
function renderFunds(){
  $('#funds').innerHTML = marketData.fundamentals.map(f => `
    <div class="fund">
      <span class="f-lbl">${f.label}</span>
      <span class="f-val">${f.value}</span>
      <span class="f-meta">As of ${f.as_of}</span>
      <span class="f-src">${f.source}</span>
      <span class="tag">MARKET REPORT</span>
    </div>`).join('');
}

/* ---------- live timestamp ---------- */
let feedAsOf = null;
function tick(){
  const now = feedAsOf || new Date();
  const opts = { year:'numeric', month:'short', day:'numeric',
                 hour:'2-digit', minute:'2-digit', second:'2-digit' };
  $('#timestamp').textContent = now.toLocaleString(undefined, opts) +
    ' ' + (Intl.DateTimeFormat().resolvedOptions().timeZone || '');
}

/* ---------- persistent left rail: ALWAYS lists every field, categories
     collapsed by default. Rebuilt on each refresh but open state is preserved
     so a live update never blanks the panel or re-collapses what you opened. ---------- */
const esc = s => String(s == null ? '' : s).replace(/[&<>"]/g, c => ({'&':'&amp;','<':'&lt;','>':'&gt;','"':'&quot;'}[c]));
function renderRail(){
  const host = $('#mpRailData');
  if(!host) return;
  const openSet = new Set([...host.querySelectorAll('.mp-cat[open]')].map(d => d.dataset.cat));
  const cats = [
    {key:'curve',   name:'Yield Curve',         rows: marketData.curve.map(c => ({l:c.label + ' UST', v:c.value, d:c.dir}))},
    {key:'spreads', name:'Curve Spreads',       rows: marketData.spreads.map(s => ({l:s.label, v:s.value, d:s.dir}))},
    {key:'reits',   name:'REIT Performance',    rows: marketData.reits.map(r => ({l:r.label, v:r.value, d:r.dir}))},
    {key:'funds',   name:'Market Fundamentals', rows: marketData.fundamentals.map(f => ({l:f.label, v:f.value, d:'flat'}))}
  ];
  host.innerHTML = cats.map(c => `
    <details class="mp-cat" data-cat="${c.key}"${openSet.has(c.key) ? ' open' : ''}>
      <summary>${esc(c.name)}<span class="badge">${c.rows.length}</span><span class="chev">▶</span></summary>
      <div class="mp-rows">${c.rows.map(r =>
        `<div class="mp-row"><span class="rl">${esc(r.l)}</span><span class="rv ${r.d}">${esc(r.v)}</span></div>`
      ).join('')}</div>
    </details>`).join('');
}

/* ---------- render everything from the current marketData ---------- */
function renderAll(){
  renderRail();
  renderKPIs();
  renderSpreads();
  renderReits();
  renderFunds();
  drawYieldCurve();
}

/* ---------- pull live data, keep the snapshot as fallback ---------- */
async function loadLive(){
  try{
    const r = await fetch('/api/markets', { credentials:'same-origin' });
    if(!r.ok) return;
    const d = await r.json();
    if(d && Array.isArray(d.curve) && d.curve.length){
      marketData = d;
      feedAsOf = d.fetched_at ? new Date(d.fetched_at) : null;
      renderAll();
    }
  }catch(e){ /* keep snapshot */ }
}

/* ---------- boot ---------- */
function boot(){
  $('#yr').textContent = new Date().getFullYear();
  renderAll();          // instant paint from snapshot
  loadLive();           // then upgrade to live
  tick(); setInterval(tick, 1000);
  setInterval(loadLive, 120000); // refresh with the site's cron cadence
}
boot();

let rt;
window.addEventListener('resize', () => { clearTimeout(rt); rt = setTimeout(drawYieldCurve, 120); });
</script>
</body>
</html>