Discounting Curve (Future Value)

A discount curve displays the discount factors neeed to convert from a Future Value to its Present Value.
A discount curve represents interest rates between now and a future date.
If I promise to pay you 1000 USD year from now, we can use a discounting curve to find out how much this is worth in today's dollars.
A discounting curve is usually decreasing.

1D - 3.345%
1W - 3.348%
2W - 3.350%
1M - 3.355%
3M -
6M -
1Y -
2Y -
3Y -

Building Spot Curves

Discounting curves are used as the input for building spot curves.

Treasury Discounting Curve

A Treasury discounting curve shows the interest rates for Treasury securities with different maturities.
It connects the spot rates of zero-coupon Treasury bonds, providing a benchmark for pricing other securities like coupon bonds.
Unlike a traditional yield curve that uses yields, the discounting curve uses spot rates, which are the market's current expectations for interest rates.
The term "discounting curve" can refer to any curve used for discounting, but in the context of Treasuries, it is synonymous with the treasury spot curve.

SOFR Discounting Curve

The SOFR discounting curve shows
This is for secured overnight lending.

OIS Discounting Curve

A OIS discounting curve shows
This is for unsecured overnight lending.
This type of curves is considered to have less risk because it minimises the credit risk compared to the Libor Swap discounting curve

Libor Swap Discounting Curve

A Libor swap discounting curve shows the interest rates for ???
This type of discounting curve was previously used to value interest rate swaps
This curve was used to calculate the present value of future cash flows for both the fixed and floating legs of an interest rate swap.