Abstract: A first serial transceiver has a reference clock, a first transmitter, and a first receiver. The first receiver includes (i) a phase detector, and (ii) a phase rotator. The phase rotator is driven by the reference clock. A first multiplexer is coupled to the first receiver. The first multiplexer receives the phase detector output and a control signal. When the first serial transceiver is in a test configuration, the first multiplexer passes the control signal to the phase rotator, thereby varying the frequency of the phase rotator output. A second multiplexer is coupled to the first transmitter. The second multiplexer receives a reference clock signal and the phase rotator output. When the first serial transceiver is in a test configuration, the second multiplexer passes the phase rotator output to the first transmitter. The first transmitter thereby transmits a serial data stream that varies in frequency from said reference clock.