RESEARCH ARCHIVEPrimary data and report excerpts are labeled separately. Incomplete history stays incomplete.About the data

Overview/Global liquidity

GLOBAL LIQUIDITY

Global liquidity

Is capital more abundant, less expensive, and reaching risk assets?

15 indicators

Theme assessmentS1 · DivergingLiquidity recovers. Demand remains weak.Source note · 2026-10-09

The source retained S1: reserves and funding costs improved while ETF flows remained weak. This is the dated report assessment; current chart sources and coverage are labeled separately.

01Q · Dollar liquidity

02P · Funding pressure

03g · Real inflows

04F · Market feedback

A framework for observation; evidence is needed at each step.

The daily report’s Q / P / g / F

Report evidence

Dollar liquidity

Reserves, Fed assets, TGA, ON RRP; FIMA only when actually used

Reading report evidence…

Bank reserves ↗Treasury General Account · TGA ↗Federal Reserve total assets ↗Overnight reverse repo · ON RRP ↗

Coverage boundary

Four core series are linked. FIMA remains an event checkpoint; ON RRP is not a substitute.

Funding pressure / financial conditions

SOFR−IORB, 2Y, 10Y real yield, term premium, DXY and credit conditions

Reading report evidence…

Dollar funding pressure · SOFR−IORB ↗10Y real yield ↗10-year term premium · ACM month-end estimate ↗DXY dollar index ↗2-year nominal Treasury yield ↗

More supporting indicators (3)

10-year nominal Treasury yield ↗30-year nominal Treasury yield ↗Global credit stress · OFR contribution ↗

Coverage boundary

Real yields, nominal yields, DXY and term premia are distinct. OFR global credit-stress contributions add model-index evidence for credit conditions. They are not US-only spreads; the two-week reports still provide no comparable basis-point readings.

Real cash inflows

ETF flows, stablecoin issuance and verified spot demand; price gains are not inflows

Reading report evidence…

BTC ETF net flows ↗Stablecoin supply ↗

Coverage boundary

Partial ETF results stay preliminary. Stablecoin supply is not net issuance or confirmed risk-asset inflow.

Market feedback / positioning

BTC vs 200DMA, Nasdaq / gold, CME basis, funding, open interest and liquidations

Reading report evidence…

BTC relative strength ↗

Coverage boundary

The 14-report table preserves OI, funding and liquidation scopes. An on-demand external BTC daily / 200-day MA chart supports live observation, not report backfills or signals. Local 200DMA, CME basis and comparable leverage history remain missing.

S0–S3 state · Expected vs Actual · Feedback Gain · Policy reaction threshold · Falsification

The charts below cover the linked numeric series. Other checkpoints remain report evidence; a linked chart alone does not confirm an entire module.

Reading the latest cloud report…

Key trends

Independent scales · Changes vs. prior observation

Latest observations11 primary verified3 report excerpts1 awaiting data

QDollar liquidity

4 charts

Reserves, Fed assets, TGA, ON RRP; FIMA only when actually used

Is dollar liquidity recovering?

Bank reserves · Weekly

Verified primary source

3.03USD tn

+0.08 USD tn vs. prior period Last 3 average near prior 3

History: 93 observations · Local history available

Weekly-average Federal Reserve reserve balances from official H.4.1 history. Dates are Wednesday week-end dates, not Wednesday-only levels. Original report excerpts remain preserved; the current official vintage takes precedence.

As of: 2026-10-07 · Verified primary sourcePrimary source: Federal Reserve H.4.1

View data table (last 24 observations)

Period	Value (USD tn)	Type
2026-10-07	3.03	Primary source value
2026-09-30	2.948	Primary source value
2026-09-23	2.93	Primary source value
2026-09-16	3.014	Primary source value
2026-09-09	2.991	Primary source value
2026-09-02	2.895	Primary source value
2026-08-26	2.925	Primary source value
2026-08-19	2.935	Primary source value
2026-08-12	2.944	Primary source value
2026-08-05	2.993	Primary source value
2026-07-29	2.985	Primary source value
2026-07-22	3.062	Primary source value
2026-07-15	3.143	Primary source value
2026-07-08	3.099	Primary source value
2026-07-01	2.967	Primary source value
2026-06-24	2.951	Primary source value
2026-06-17	3.033	Primary source value
2026-06-10	3.081	Primary source value
2026-06-03	3.014	Primary source value
2026-05-27	3.067	Primary source value
2026-05-20	3.13	Primary source value
2026-05-13	3.103	Primary source value
2026-05-06	3.033	Primary source value
2026-04-29	2.919	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-07 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-09-30 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-09-23 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-09-16 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-09-09 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-09-02 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-08-26 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-08-19 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-08-12 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-08-05 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-07-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-07-22 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-07-15 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-07-08 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-07-01 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-06-24 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-06-17 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-06-10 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-06-03 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-05-27 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-05-20 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-05-13 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-05-06 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW
2026-04-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average reserve balances; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESH4R_XAW_N.WW

Is Treasury cash accumulation accelerating?

Treasury General Account · TGA · Weekly

Verified primary source

0.88USD tn

-0.07 USD tn vs. prior period Last 3 average above prior 3

History: 93 observations · Local history available

Weekly-average Treasury General Account balance. Accumulation usually drains banking-system cash but does not alone determine reserve changes.

As of: 2026-10-07 · Verified primary sourcePrimary source: Federal Reserve H.4.1

View data table (last 24 observations)

Period	Value (USD tn)	Type
2026-10-07	0.88	Primary source value
2026-09-30	0.949	Primary source value
2026-09-23	0.977	Primary source value
2026-09-16	0.877	Primary source value
2026-09-09	0.883	Primary source value
2026-09-02	0.968	Primary source value
2026-08-26	0.951	Primary source value
2026-08-19	0.954	Primary source value
2026-08-12	0.964	Primary source value
2026-08-05	0.907	Primary source value
2026-07-29	0.911	Primary source value
2026-07-22	0.83	Primary source value
2026-07-15	0.756	Primary source value
2026-07-08	0.774	Primary source value
2026-07-01	0.88	Primary source value
2026-06-24	0.919	Primary source value
2026-06-17	0.881	Primary source value
2026-06-10	0.828	Primary source value
2026-06-03	0.876	Primary source value
2026-05-27	0.83	Primary source value
2026-05-20	0.781	Primary source value
2026-05-13	0.839	Primary source value
2026-05-06	0.878	Primary source value
2026-04-29	0.982	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-07 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-09-30 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-09-23 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-09-16 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-09-09 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-09-02 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-08-26 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-08-19 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-08-12 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-08-05 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-07-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-07-22 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-07-15 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-07-08 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-07-01 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-06-24 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-06-17 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-06-10 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-06-03 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-05-27 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-05-20 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-05-13 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-05-06 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW
2026-04-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Weekly-average Treasury General Account; dates are Wednesday week-end dates, not Wednesday-only levels. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPLLDT_XAW_N.WW

Is the central-bank balance sheet expanding or shrinking?

Federal Reserve total assets · Weekly

Verified primary source

6.75USD tn

+0.0045 USD tn vs. prior period Last 3 average near prior 3

History: 93 observations · Local history available

Federal Reserve total assets less eliminations from consolidation, measured on Wednesday; distinct from weekly-average reserves and TGA.

As of: 2026-10-07 · Verified primary sourcePrimary source: Federal Reserve H.4.1

View data table (last 24 observations)

Period	Value (USD tn)	Type
2026-10-07	6.748	Primary source value
2026-09-30	6.743	Primary source value
2026-09-23	6.748	Primary source value
2026-09-16	6.747	Primary source value
2026-09-09	6.741	Primary source value
2026-09-02	6.737	Primary source value
2026-08-26	6.731	Primary source value
2026-08-19	6.746	Primary source value
2026-08-12	6.76	Primary source value
2026-08-05	6.749	Primary source value
2026-07-29	6.738	Primary source value
2026-07-22	6.747	Primary source value
2026-07-15	6.743	Primary source value
2026-07-08	6.736	Primary source value
2026-07-01	6.725	Primary source value
2026-06-24	6.736	Primary source value
2026-06-17	6.736	Primary source value
2026-06-10	6.725	Primary source value
2026-06-03	6.711	Primary source value
2026-05-27	6.704	Primary source value
2026-05-20	6.714	Primary source value
2026-05-13	6.729	Primary source value
2026-05-06	6.71	Primary source value
2026-04-29	6.7	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-07 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-09-30 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-09-23 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-09-16 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-09-09 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-09-02 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-08-26 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-08-19 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-08-12 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-08-05 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-07-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-07-22 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-07-15 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-07-08 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-07-01 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-06-24 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-06-17 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-06-10 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-06-03 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-05-27 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-05-20 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-05-13 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-05-06 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW
2026-04-29 · Verified on 2026-10-09 · Federal Reserve H.4.1
Federal Reserve total assets less eliminations from consolidation; Wednesday levels, not weekly averages. Official units of millions of USD divided by 1,000,000 give trillions of USD. Current download vintage; historical figures may have been revised. Series: RESPPMA_N.WW

Is cash parked in reverse repos declining?

Overnight reverse repo · ON RRP · Daily

Verified primary source

0.3Billion USD

-0.04 Billion USD vs. prior period Last 3 average near prior 3

History: 443 observations · Local history available

Awarded amounts in regular New York Fed ON RRP operations. A decline indicates lower facility usage, but alone does not prove inflows into risk assets. Read alongside reserves and TGA.

As of: 2026-10-09 · Verified primary sourcePrimary source: New York Fed

View data table (last 24 observations)

Period	Value (Billion USD)	Type
2026-10-09	0.3	Primary source value
2026-10-08	0.335	Primary source value
2026-10-07	2.338	Primary source value
2026-10-06	0.414	Primary source value
2026-10-05	1.004	Primary source value
2026-10-02	1.501	Primary source value
2026-10-01	0.35	Primary source value
2026-09-30	11.539	Primary source value
2026-09-29	11.446	Primary source value
2026-09-28	0.851	Primary source value
2026-09-25	0.576	Primary source value
2026-09-24	0.63	Primary source value
2026-09-23	0.461	Primary source value
2026-09-22	0.453	Primary source value
2026-09-21	0.582	Primary source value
2026-09-18	0.576	Primary source value
2026-09-17	0.276	Primary source value
2026-09-16	5.375	Primary source value
2026-09-15	0.7	Primary source value
2026-09-14	1.42	Primary source value
2026-09-11	5.255	Primary source value
2026-09-10	4.736	Primary source value
2026-09-09	0.432	Primary source value
2026-09-08	0.626	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Verified on 2026-10-10 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-08 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-07 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-06 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-05 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-02 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-10-01 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-30 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-29 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-28 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-25 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-24 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-23 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-22 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-21 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ. The settled amount is $0.001 billion less than the trade amount due to unsettled trades
2026-09-18 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-17 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-16 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-15 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-14 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-11 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-10 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-09 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.
2026-09-08 · Verified on 2026-10-09 · New York Fed
Awarded trade amounts in regular overnight reverse repo operations, converted from USD to billions. Small-value exercises excluded; excludes FIMA and term reverse repos. Not the total reverse repo balance; unsettled trades can cause settlement amounts to differ.

PFunding pressure / financial conditions

8 charts

SOFR−IORB, 2Y, 10Y real yield, term premium, DXY and credit conditions

Is short-term dollar funding tightening?

Dollar funding pressure · SOFR−IORB · Daily

Calculated from primary data

-3bp

-1 bp vs. prior period Last 3 average above prior 3

History: 193 observations · Local history available

Same-day SOFR less IORB in basis points. A rising spread means repo funding is more expensive relative to reserve interest. A quarter-end spike alone does not prove persistent scarcity. This is one P indicator, not the entire financial-conditions assessment.

As of: 2026-10-08 · Calculated from primary dataPrimary source: New York Fed / Federal Reserve · matched-date spread

View data table (last 24 observations)

Period	Value (bp)	Type
2026-10-08	-3	Calculated value
2026-10-07	-2	Calculated value
2026-10-06	0	Calculated value
2026-10-05	-1	Calculated value
2026-10-02	-2	Calculated value
2026-10-01	-3	Calculated value
2026-09-30	0	Calculated value
2026-09-29	-2	Calculated value
2026-09-28	0	Calculated value
2026-09-25	0	Calculated value
2026-09-24	-2	Calculated value
2026-09-23	-3	Calculated value
2026-09-22	-3	Calculated value
2026-09-21	-5	Calculated value
2026-09-18	-5	Calculated value
2026-09-17	-5	Calculated value
2026-09-16	-3	Calculated value
2026-09-15	-1	Calculated value
2026-09-14	-3	Calculated value
2026-09-11	-3	Calculated value
2026-09-10	-3	Calculated value
2026-09-09	-1	Calculated value
2026-09-08	-1	Calculated value
2026-09-04	0	Calculated value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-08 · Verified on 2026-10-10 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.87% − IORB 3.9%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-10-07 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.88% − IORB 3.9%) × 100 = -2 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-10-06 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.9% − IORB 3.9%) × 100 = 0 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-10-05 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.89% − IORB 3.9%) × 100 = -1 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-10-02 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.88% − IORB 3.9%) × 100 = -2 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-10-01 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.87% − IORB 3.9%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-30 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.9% − IORB 3.9%) × 100 = 0 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-29 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.88% − IORB 3.9%) × 100 = -2 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-28 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.9% − IORB 3.9%) × 100 = 0 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-25 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.9% − IORB 3.9%) × 100 = 0 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-24 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.88% − IORB 3.9%) × 100 = -2 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-23 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.87% − IORB 3.9%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-22 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.87% − IORB 3.9%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-21 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.85% − IORB 3.9%) × 100 = -5 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-18 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.85% − IORB 3.9%) × 100 = -5 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-17 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.85% − IORB 3.9%) × 100 = -5 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-16 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.62% − IORB 3.65%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-15 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.64% − IORB 3.65%) × 100 = -1 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-14 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.62% − IORB 3.65%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-11 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.62% − IORB 3.65%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-10 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.62% − IORB 3.65%) × 100 = -3 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-09 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.64% − IORB 3.65%) × 100 = -1 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-08 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.64% − IORB 3.65%) × 100 = -1 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB
2026-09-04 · Verified on 2026-10-09 · New York Fed / Federal Reserve · matched-date spread
Calculation inputs (bp)
(SOFR 3.65% − IORB 3.65%) × 100 = 0 bp · Matched effective dates; no forward filling.
New York Fed · SOFR Federal Reserve · IORB

Is funding getting cheaper?

10Y real yield · Daily

Verified primary source

2.91%

+4 bp vs. prior period Last 3 average near prior 3

History: 195 observations · Local history available

The 10-year real Treasury yield reflects real risk-free funding costs, distinct from nominal yields and term premia. The main chart prioritizes verified Treasury data. A separate two-week report comparison below preserves original excerpts; report approximations are not promoted to primary observations.

Compare with daily reports (10 market dates)

The main chart uses verified Treasury observations. Report dates and market dates remain distinct. Matching numbers do not change the original report’s approximate status; revisions can produce differences.

10Y real yield · % · 2026-09-25—2026-10-08 report archive
Market date	Treasury	Report	Report date / source	Original status
2026-10-08	2.87	2.87	2026-10-09 ↗	Approximate
2026-10-07	2.92	2.92	2026-10-08 ↗	Reported value
2026-10-06	2.91	2.91	2026-10-07 ↗	Reported value
2026-10-05	2.95	2.95	2026-10-06 ↗	Reported value
2026-10-02	2.92	2.92	2026-10-03 ↗	Reported value
2026-10-01	2.88	2.88	2026-10-02 ↗	Reported value
2026-09-30	2.93	2.93	2026-10-01 ↗	Reported value
2026-09-29	2.91	2.91	2026-09-30 ↗	Reported value
2026-09-28	2.90	2.90	2026-09-29 ↗	Reported value
2026-09-25	2.83	2.83	2026-09-26 ↗	Reported value

As of: 2026-10-09 · Verified primary sourcePrimary source: US Treasury

View data table (last 24 observations)

Period	Value (%)	Type
2026-10-09	2.91	Primary source value
2026-10-08	2.87	Primary source value
2026-10-07	2.92	Primary source value
2026-10-06	2.91	Primary source value
2026-10-05	2.95	Primary source value
2026-10-02	2.92	Primary source value
2026-10-01	2.88	Primary source value
2026-09-30	2.93	Primary source value
2026-09-29	2.91	Primary source value
2026-09-28	2.9	Primary source value
2026-09-25	2.83	Primary source value
2026-09-24	2.85	Primary source value
2026-09-23	2.76	Primary source value
2026-09-22	2.63	Primary source value
2026-09-21	2.62	Primary source value
2026-09-18	2.68	Primary source value
2026-09-17	2.61	Primary source value
2026-09-16	2.68	Primary source value
2026-09-15	2.62	Primary source value
2026-09-14	2.6	Primary source value
2026-09-11	2.6	Primary source value
2026-09-10	2.55	Primary source value
2026-09-09	2.46	Primary source value
2026-09-08	2.43	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Verified on 2026-10-10 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-09T00:00:00</d:NEW_DATE> <d:TC_10YEAR m:type="Edm.Double">2.91</d:TC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-08 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-10-07 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-10-06 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-10-05 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-10-02 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-10-01 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-30 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-29 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-28 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-25 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-24 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-23 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-22 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-21 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-18 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-17 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-16 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-15 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-14 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-11 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-10 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-09 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.
2026-09-08 · Verified on 2026-10-09 · US Treasury
10-year real Treasury yield; only trading-day observations reported by the source are included.

Are short-term funding costs easing?

2-year nominal Treasury yield · Daily

Verified primary source

4.8%

+5 bp vs. prior period Last 3 average near prior 3

History: 195 observations · Local history available

Daily Treasury par nominal yield in percent. The main chart prioritizes verified observations; original daily-report readings remain report context, with undisclosed values left missing. Nominal yields are distinct from real yields and term premia.

Compare with daily reports (10 market dates)

2-year nominal Treasury yield · % · 2026-09-25—2026-10-08 report archive
Market date	Treasury	Report	Report date / source	Original status
2026-10-08	4.75	—	2026-10-09 ↗	Undisclosed
2026-10-07	4.77	—	2026-10-08 ↗	Undisclosed
2026-10-06	4.79	4.79	2026-10-07 ↗	Reported value
2026-10-05	4.84	4.84	2026-10-06 ↗	Reported value
2026-10-02	4.83	4.83	2026-10-03 ↗	Reported value
2026-10-01	4.78	4.78	2026-10-02 ↗	Reported value
2026-09-30	4.88	4.88	2026-10-01 ↗	Reported value
2026-09-29	4.89	4.89	2026-09-30 ↗	Reported value
2026-09-28	4.92	4.92	2026-09-29 ↗	Reported value
2026-09-25	4.81	4.81	2026-09-26 ↗	Reported value

As of: 2026-10-09 · Verified primary sourcePrimary source: US Treasury

View data table (last 24 observations)

Period	Value (%)	Type
2026-10-09	4.8	Primary source value
2026-10-08	4.75	Primary source value
2026-10-07	4.77	Primary source value
2026-10-06	4.79	Primary source value
2026-10-05	4.84	Primary source value
2026-10-02	4.83	Primary source value
2026-10-01	4.78	Primary source value
2026-09-30	4.88	Primary source value
2026-09-29	4.89	Primary source value
2026-09-28	4.92	Primary source value
2026-09-25	4.81	Primary source value
2026-09-24	4.87	Primary source value
2026-09-23	4.85	Primary source value
2026-09-22	4.71	Primary source value
2026-09-21	4.76	Primary source value
2026-09-18	4.76	Primary source value
2026-09-17	4.67	Primary source value
2026-09-16	4.74	Primary source value
2026-09-15	4.67	Primary source value
2026-09-14	4.65	Primary source value
2026-09-11	4.63	Primary source value
2026-09-10	4.56	Primary source value
2026-09-09	4.43	Primary source value
2026-09-08	4.39	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Verified on 2026-10-10 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-09T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.80</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-08T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.75</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-07 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-07T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.77</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-06 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-06T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.79</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-05 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-05T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.84</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-02 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-02T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.83</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-01 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-01T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.78</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-30 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-30T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.88</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-29 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-29T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.89</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-28 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-28T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.92</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-25 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-25T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.81</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-24 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-24T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.87</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-23 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-23T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.85</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-22 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-22T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.71</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-21 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-21T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.76</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-18 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-18T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.76</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-17 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-17T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.67</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-16 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-16T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.74</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-15 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-15T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.67</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-14 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-14T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.65</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-11 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-11T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.63</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-10 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-10T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.56</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-09 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-09T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.43</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-08T00:00:00</d:NEW_DATE> <d:BC_2YEAR m:type="Edm.Double">4.39</d:BC_2YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.

Are long-term nominal funding costs easing?

10-year nominal Treasury yield · Daily

Verified primary source

5.24%

+2 bp vs. prior period Last 3 average near prior 3

History: 195 observations · Local history available

Compare with daily reports (10 market dates)

10-year nominal Treasury yield · % · 2026-09-25—2026-10-08 report archive
Market date	Treasury	Report	Report date / source	Original status
2026-10-08	5.22	5.22	2026-10-09 ↗	Approximate
2026-10-07	5.28	5.28	2026-10-08 ↗	Reported value
2026-10-06	5.27	5.27	2026-10-07 ↗	Reported value
2026-10-05	5.31	5.31	2026-10-06 ↗	Reported value
2026-10-02	5.28	5.28	2026-10-03 ↗	Reported value
2026-10-01	5.24	5.24	2026-10-02 ↗	Reported value
2026-09-30	5.29	5.29	2026-10-01 ↗	Reported value
2026-09-29	5.26	5.26	2026-09-30 ↗	Reported value
2026-09-28	5.24	5.24	2026-09-29 ↗	Reported value
2026-09-25	5.17	5.17	2026-09-26 ↗	Reported value

As of: 2026-10-09 · Verified primary sourcePrimary source: US Treasury

View data table (last 24 observations)

Period	Value (%)	Type
2026-10-09	5.24	Primary source value
2026-10-08	5.22	Primary source value
2026-10-07	5.28	Primary source value
2026-10-06	5.27	Primary source value
2026-10-05	5.31	Primary source value
2026-10-02	5.28	Primary source value
2026-10-01	5.24	Primary source value
2026-09-30	5.29	Primary source value
2026-09-29	5.26	Primary source value
2026-09-28	5.24	Primary source value
2026-09-25	5.17	Primary source value
2026-09-24	5.18	Primary source value
2026-09-23	5.11	Primary source value
2026-09-22	4.96	Primary source value
2026-09-21	4.96	Primary source value
2026-09-18	5.01	Primary source value
2026-09-17	4.94	Primary source value
2026-09-16	5.01	Primary source value
2026-09-15	5	Primary source value
2026-09-14	4.97	Primary source value
2026-09-11	4.96	Primary source value
2026-09-10	4.95	Primary source value
2026-09-09	4.83	Primary source value
2026-09-08	4.8	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Verified on 2026-10-10 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-09T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.24</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-08T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.22</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-07 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-07T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.28</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-06 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-06T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.27</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-05 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-05T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.31</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-02 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-02T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.28</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-01 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-01T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.24</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-30 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-30T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.29</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-29 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-29T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.26</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-28 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-28T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.24</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-25 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-25T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.17</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-24 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-24T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.18</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-23 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-23T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.11</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-22 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-22T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.96</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-21 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-21T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.96</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-18 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-18T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.01</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-17 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-17T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.94</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-16 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-16T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.01</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-15 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-15T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">5.00</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-14 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-14T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.97</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-11 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-11T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.96</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-10 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-10T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.95</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-09 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-09T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.83</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-08T00:00:00</d:NEW_DATE> <d:BC_10YEAR m:type="Edm.Double">4.80</d:BC_10YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.

Are very long-term funding costs still tight?

30-year nominal Treasury yield · Daily

Verified primary source

5.6%

0 bp vs. prior period Last 3 average near prior 3

History: 195 observations · Local history available

Compare with daily reports (10 market dates)

30-year nominal Treasury yield · % · 2026-09-25—2026-10-08 report archive
Market date	Treasury	Report	Report date / source	Original status
2026-10-08	5.60	5.60	2026-10-09 ↗	Approximate
2026-10-07	5.67	5.67	2026-10-08 ↗	Reported value
2026-10-06	5.64	5.64	2026-10-07 ↗	Reported value
2026-10-05	5.66	5.66	2026-10-06 ↗	Reported value
2026-10-02	5.63	5.63	2026-10-03 ↗	Reported value
2026-10-01	5.61	5.61	2026-10-02 ↗	Reported value
2026-09-30	5.64	5.64	2026-10-01 ↗	Reported value
2026-09-29	5.59	5.59	2026-09-30 ↗	Reported value
2026-09-28	5.56	5.56	2026-09-29 ↗	Reported value
2026-09-25	5.49	5.49	2026-09-26 ↗	Reported value

As of: 2026-10-09 · Verified primary sourcePrimary source: US Treasury

View data table (last 24 observations)

Period	Value (%)	Type
2026-10-09	5.6	Primary source value
2026-10-08	5.6	Primary source value
2026-10-07	5.67	Primary source value
2026-10-06	5.64	Primary source value
2026-10-05	5.66	Primary source value
2026-10-02	5.63	Primary source value
2026-10-01	5.61	Primary source value
2026-09-30	5.64	Primary source value
2026-09-29	5.59	Primary source value
2026-09-28	5.56	Primary source value
2026-09-25	5.49	Primary source value
2026-09-24	5.47	Primary source value
2026-09-23	5.4	Primary source value
2026-09-22	5.29	Primary source value
2026-09-21	5.29	Primary source value
2026-09-18	5.34	Primary source value
2026-09-17	5.29	Primary source value
2026-09-16	5.35	Primary source value
2026-09-15	5.36	Primary source value
2026-09-14	5.34	Primary source value
2026-09-11	5.35	Primary source value
2026-09-10	5.37	Primary source value
2026-09-09	5.28	Primary source value
2026-09-08	5.25	Primary source value

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Verified on 2026-10-10 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-09T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.60</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-08T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.60</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-07 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-07T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.67</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-06 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-06T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.64</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-05 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-05T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.66</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-02 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-02T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.63</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-10-01 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-10-01T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.61</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-30 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-30T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.64</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-29 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-29T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.59</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-28 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-28T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.56</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-25 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-25T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.49</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-24 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-24T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.47</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-23 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-23T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.40</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-22 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-22T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.29</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-21 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-21T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.29</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-18 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-18T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.34</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-17 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-17T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.29</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-16 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-16T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.35</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-15 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-15T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.36</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-14 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-14T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.34</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-11 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-11T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.35</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-10 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-10T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.37</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-09 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-09T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.28</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.
2026-09-08 · Verified on 2026-10-09 · US Treasury
<d:NEW_DATE m:type="Edm.DateTime">2026-09-08T00:00:00</d:NEW_DATE> <d:BC_30YEAR m:type="Edm.Double">5.25</d:BC_30YEAR>
Daily Treasury par yield curve in percent, retaining source trading dates without filling non-trading days. The current vintage may be revised. XML update times are not treated as the original release time of each historical reading; retrieval is the conservative availability clock.

Is dollar strength increasing financial pressure?

DXY dollar index · Daily

Report excerpt · Unverified

101.91points

Insufficient observations

History: 10 observations · Local history available

Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.

As of: 2026-10-08 · Report excerpt · UnverifiedSource named in report: Original liquidity daily report

View data table (last 24 observations)

Period	Value (points)	Type
2026-10-08	101.91	Estimate
2026-10-07	No data	Missing
2026-10-06	101.85	Estimate
2026-10-05	102.21	Estimate
2026-10-02	101.9	Estimate
2026-10-01	102.04	Estimate
2026-09-30	No data	Missing
2026-09-29	101.4	Estimate
2026-09-28	101.1	Estimate
2026-09-25	100.97	Estimate

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-08 · Recorded 2026-10-09 · Read source summary
| **P：资金价格** | 🟡 **NEUTRAL，边际改善** | 10/8美国10Y收益率从5.28%降至约**5.22%**，10Y Real Yield（实际利率）约**2.87%**，30Y约**5.60%**；DXY（美元指数）约**101.91**，小幅回落。但绝对资金成本依然偏高。 |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-10-07 · Recorded 2026-10-08 · Read source summary
| **P：资金价格** | 🔴 TIGHTENING | 10/7：10Y实际利率 **2.92%（+1bp）**、30Y **5.67%（+3bp）**、10Y **5.28%（+1bp）**；DXY（美元指数）上涨约0.4%。长期资金价格重新偏紧。 |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-10-06 · Recorded 2026-10-07 · Read source summary
| **P（美元资金价格）** | 🟡 **NEUTRAL，日内明显改善** | 10/6：2Y **4.79%（-5bp）**、10Y **5.27%（-4bp）**、30Y **5.64%（-2bp）**，10Y Real Yield（10年实际利率＝真实无风险资金成本）降至 **2.91%（-4bp）**；DXY（美元指数）也由约102.17降至 **101.85**。资金价格终于给了 BTC 一天明确顺风。 |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-10-05 · Recorded 2026-10-06 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING** | 10/5：2Y **4.84%**、10Y **5.31%**、30Y **5.66%**；10Y Real Yield（10年实际利率＝扣除通胀后的真实资金成本）从 **2.92%→2.95%**，DXY（美元指数）约 **102.21，+0.27%**。利率、实际利率、美元重新同向收紧。 |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-10-02 · Recorded 2026-10-05 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING** | 最新 **10/2**：2Y **4.83%**、10Y **5.28%**、30Y **5.63%**；10Y Real Yield（10年实际利率＝扣除通胀后的真实无风险利率）**2.92%**，DXY 收约 **101.9**。资金价格仍明显偏贵。 |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-10-01 · Recorded 2026-10-02 · Read source summary
| **P（美元资金价格）** | 🟡 **NEUTRAL** | 10/1：2Y **4.88→4.78%**、10Y **5.29→5.24%**、30Y **5.64→5.61%**，10Y Real Yield（10年实际利率）**2.93→2.88%**；但 DXY（美元指数）反而 **+0.58%至102.04**。利率端转松、美元端仍紧，因此只降到 NEUTRAL，尚非 SUPPORTIVE。 [U.S. Department of the Treasury: Daily Treasury Rates \| U.S. Department of the Treasury, https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve, 另外 2 个来源](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve) |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-09-30 · Recorded 2026-10-01 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING** | 9/30官方：2Y **4.88%（-1bp）**，但10Y **5.29%（+3bp）**、30Y **5.64%（+5bp）**；10Y Real Yield（10年实际利率）**2.93%（+2bp）**。短端略缓，但长端和真实资金成本继续变贵。 [U.S. Department of the Treasury: Daily Treasury Rates \| U.S. Department of the Treasury, https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve, 另外 1 个来源](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve) |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-09-29 · Recorded 2026-09-30 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING** | 9/29：2Y **4.89%**，但10Y **5.26%**、30Y **5.59%**继续上升；10Y Real Yield（10年实际利率）**2.91%**，DXY（美元指数）升至 **101.40**。短端稍松、长端+实际利率+美元继续收紧。 [U.S. Department of the Treasury: Daily Treasury Rates \| U.S. Department of the Treasury, https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve, 另外 2 个来源](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve) |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-09-28 · Recorded 2026-09-29 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING，加速** | 9/28：2Y **4.92%**、10Y **5.24%**、30Y **5.56%**；10Y Real Yield（10年实际利率）从 **2.83%→2.90%**；DXY（美元指数）约 **101.1**。名义利率、实际利率和美元重新同步偏紧。 [财政部: Daily Treasury Rates \| U.S. Department of the Treasury, https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve, 另外 2 个来源](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&type=daily_treasury_yield_curve) |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.
2026-09-25 · Recorded 2026-09-27 · Read source summary
| **P（美元资金价格）** | 🔴 **TIGHTENING，但边际缓和** | 9/25：2Y **4.81%**、10Y **5.17%**、10Y Real Yield（10年实际利率）**2.83%**，分别较前日下降约6bp、1bp、2bp；DXY（美元指数）收 **100.97，-0.32%**。但30Y反升至 **5.49%**，盘中一度突破 **5.51%**，说明短端/美元压力缓和，长端压力仍未解除。 [U.S. Department of the Treasury: Daily Treasury Rates \| U.S. Department of the Treasury, https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=202609&trk=article-ssr-frontend-pulse_little-text-block&type=daily_treasury_yield_curve&utm_source=chatgpt.com, 另外 2 个来源](https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=202609&trk=article-ssr-frontend-pulse_little-text-block&type=daily_treasury_yield_curve&utm_source=chatgpt.com) |
Excerpts from the original daily P module, not independently verified. Uses explicit market dates without weekend repetition. Missing absolute readings remain null; percentage changes are not used to infer levels. DXY readings include approximations; a uniform closing-price convention is not claimed.

Is compensation for long-term interest-rate risk rising?

10-year term premium · ACM month-end estimate · Monthly

Verified primary source

0.89%

+12.56 bp vs. prior period Last 3 average above prior 3

History: 33 observations · Local history available

ACM 10-year term-premium model estimates from the public chart, sampled at month-end. These are not directly observed market quotes or official FOMC or New York Fed estimates. The model may be revised; nominal yields are not a substitute.

As of: 2026-09-30 · Verified primary sourcePrimary source: New York Fed ACM public model data

View data table (last 24 observations)

Period	Value (%)	Type
2026-09-30	0.885	Primary-source estimate
2026-08-31	0.759	Primary-source estimate
2026-07-31	0.833	Primary-source estimate
2026-06-30	0.506	Primary-source estimate
2026-05-29	0.661	Primary-source estimate
2026-04-30	0.714	Primary-source estimate
2026-03-31	0.649	Primary-source estimate
2026-02-27	0.592	Primary-source estimate
2026-01-30	0.762	Primary-source estimate
2025-12-31	0.748	Primary-source estimate
2025-11-28	0.578	Primary-source estimate
2025-10-31	0.559	Primary-source estimate
2025-09-30	0.607	Primary-source estimate
2025-08-29	0.769	Primary-source estimate
2025-07-31	0.627	Primary-source estimate
2025-06-30	0.618	Primary-source estimate
2025-05-30	0.733	Primary-source estimate
2025-04-30	0.587	Primary-source estimate
2025-03-31	0.364	Primary-source estimate
2025-02-28	0.254	Primary-source estimate
2025-01-31	0.484	Primary-source estimate
2024-12-31	0.474	Primary-source estimate
2024-11-29	0.075	Primary-source estimate
2024-10-31	0.156	Primary-source estimate

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-09-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Sep-2026,0.885008256163907,5.25896137383186,5.28356237559148
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-08-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Aug-2026,0.75936106118762,4.81713389489083,4.82610113666976
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-07-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Jul-2026,0.833222462972223,4.82306104713517,4.83483964203813
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-06-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Jun-2026,0.506231109313184,4.47720906055325,4.49095998278098
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-05-29 · Verified on 2026-10-09 · New York Fed ACM public model data
29-May-2026,0.660668857549558,4.51282265899656,4.52563852347487
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-04-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Apr-2026,0.714484138438174,4.447596397478,4.46489226266502
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-03-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Mar-2026,0.649070455774333,4.34681791787597,4.36629661595851
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-02-27 · Verified on 2026-10-09 · New York Fed ACM public model data
27-Feb-2026,0.591515375075296,4.03073767945789,4.04438704632222
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2026-01-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Jan-2026,0.762204290334927,4.31390145358442,4.32496092486971
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-12-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Dec-2025,0.747785736163461,4.24478046717607,4.25679652928417
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-11-28 · Verified on 2026-10-09 · New York Fed ACM public model data
28-Nov-2025,0.578189304640091,4.08328701761499,4.09833663527852
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-10-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Oct-2025,0.558815316770727,4.15365727052231,4.16523970666126
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-09-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Sep-2025,0.607073659467604,4.19876084432419,4.21028052562976
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-08-29 · Verified on 2026-10-09 · New York Fed ACM public model data
29-Aug-2025,0.768798853393328,4.27350375451511,4.28853475687479
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-07-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Jul-2025,0.626805934995286,4.39822357811066,4.40855577302233
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-06-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Jun-2025,0.617602319061363,4.28089606323717,4.29046877812261
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-05-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-May-2025,0.733454155656846,4.46579048885954,4.47541571486847
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-04-30 · Verified on 2026-10-09 · New York Fed ACM public model data
30-Apr-2025,0.587248483457558,4.21847082658028,4.22765301247459
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-03-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Mar-2025,0.363742123994473,4.2514253800355,4.2571088078304
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-02-28 · Verified on 2026-10-09 · New York Fed ACM public model data
28-Feb-2025,0.254051420949771,4.25524251021934,4.25940323366806
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2025-01-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Jan-2025,0.484392511142421,4.59478217440578,4.59760889822136
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2024-12-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Dec-2024,0.474474956721218,4.58661385035118,4.59242936648513
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2024-11-29 · Verified on 2026-10-09 · New York Fed ACM public model data
29-Nov-2024,0.0751971079467859,4.18611897949866,4.19365057044777
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.
2024-10-31 · Verified on 2026-10-09 · New York Fed ACM public model data
31-Oct-2024,0.156425968142137,4.29668893652922,4.29938858937533
TERMYld in the New York Fed public chart CSV: ACM 10-year term-premium model estimate in percent, sampled at month-end. This is not a daily series, nominal 10-year yield or real yield. The model may be revised and does not represent official estimates of the New York Fed, Federal Reserve System or FOMC. Original release times are undisclosed; retrieval is the conservative availability clock.

Is credit contributing more to financial stress?

Global credit stress · OFR contribution · Daily

Verified primary source

-0.983index points

+0.031 index points vs. prior period Last 3 average near prior 3

History: 461 observations · Local history available

The global credit-category contribution to the OFR Financial Stress Index covers the US, other advanced economies and emerging markets. It is a model-weighted index value, not a US high-yield spread or basis points. Zero means zero contribution to the overall index; a higher value means more credit stress contribution. Data lag two business days and history may be revised. This supports P credit conditions without determining the whole module state.

As of: 2026-10-07 · Verified primary sourcePrimary source: US Treasury OFR · credit-stress contribution

View data table (last 24 observations)

Period	Value (index points)	Type
2026-10-07	-0.983	Primary-source estimate
2026-10-06	-1.014	Primary-source estimate
2026-10-05	-0.96	Primary-source estimate
2026-10-02	-0.97	Primary-source estimate
2026-10-01	-0.969	Primary-source estimate
2026-09-30	-1.032	Primary-source estimate
2026-09-29	-1.058	Primary-source estimate
2026-09-28	-1.064	Primary-source estimate
2026-09-25	-1.1	Primary-source estimate
2026-09-24	-1.126	Primary-source estimate
2026-09-23	-1.148	Primary-source estimate
2026-09-22	-1.149	Primary-source estimate
2026-09-21	-1.15	Primary-source estimate
2026-09-18	-1.156	Primary-source estimate
2026-09-17	-1.139	Primary-source estimate
2026-09-16	-1.151	Primary-source estimate
2026-09-15	-1.135	Primary-source estimate
2026-09-14	-1.136	Primary-source estimate
2026-09-11	-1.161	Primary-source estimate
2026-09-10	-1.164	Primary-source estimate
2026-09-09	-1.164	Primary-source estimate
2026-09-08	-1.16	Primary-source estimate
2026-09-07	-1.154	Primary-source estimate
2026-09-04	-1.161	Primary-source estimate

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-07 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-10-07,-1.929,-0.983,-0.55,-0.286,-0.151,0.04,-1.226,-0.16,-0.543
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-10-06 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-10-06,-2.152,-1.014,-0.567,-0.289,-0.152,-0.131,-1.248,-0.355,-0.55
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-10-05 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-10-05,-2.109,-0.96,-0.554,-0.287,-0.134,-0.175,-1.164,-0.397,-0.548
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-10-02 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-10-02,-2.088,-0.97,-0.553,-0.288,-0.087,-0.189,-1.12,-0.425,-0.544
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-10-01 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-10-01,-2.036,-0.969,-0.548,-0.288,-0.09,-0.142,-1.049,-0.443,-0.544
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-30 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-30,-2.349,-1.032,-0.552,-0.28,-0.153,-0.332,-1.161,-0.644,-0.543
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-29 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-29,-2.244,-1.058,-0.547,-0.278,-0.185,-0.177,-1.212,-0.491,-0.542
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-28 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-28,-2.222,-1.064,-0.558,-0.275,-0.139,-0.186,-1.186,-0.492,-0.544
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-25 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-25,-2.63,-1.1,-0.571,-0.285,-0.177,-0.496,-1.299,-0.774,-0.557
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-24 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-24,-2.398,-1.126,-0.555,-0.292,-0.177,-0.248,-1.304,-0.537,-0.557
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-23 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-23,-2.663,-1.148,-0.567,-0.294,-0.166,-0.488,-1.33,-0.772,-0.562
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-22 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-22,-2.773,-1.149,-0.577,-0.296,-0.145,-0.606,-1.371,-0.842,-0.56
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-21 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-21,-2.727,-1.15,-0.573,-0.296,-0.133,-0.574,-1.343,-0.827,-0.557
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-18 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-18,-2.734,-1.156,-0.55,-0.29,-0.225,-0.512,-1.409,-0.775,-0.55
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-17 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-17,-2.593,-1.139,-0.545,-0.288,-0.215,-0.406,-1.36,-0.693,-0.54
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-16 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-16,-2.411,-1.151,-0.532,-0.287,-0.216,-0.225,-1.266,-0.605,-0.54
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-15 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-15,-2.244,-1.135,-0.53,-0.277,-0.205,-0.097,-1.259,-0.448,-0.538
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-14 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-14,-2.226,-1.136,-0.543,-0.273,-0.193,-0.081,-1.247,-0.437,-0.542
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-11 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-11,-2.458,-1.161,-0.565,-0.274,-0.184,-0.275,-1.302,-0.602,-0.554
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-10 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-10,-2.289,-1.164,-0.566,-0.279,-0.126,-0.154,-1.153,-0.573,-0.562
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-09 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-09,-2.411,-1.164,-0.579,-0.281,-0.159,-0.228,-1.23,-0.616,-0.565
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-08 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-08,-2.537,-1.16,-0.585,-0.286,-0.159,-0.347,-1.275,-0.699,-0.563
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-07 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-07,-2.874,-1.154,-0.599,-0.289,-0.141,-0.69,-1.28,-1.03,-0.564
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.
2026-09-04 · Verified on 2026-10-10 · US Treasury OFR · credit-stress contribution
2026-09-04,-2.791,-1.161,-0.594,-0.301,-0.147,-0.589,-1.338,-0.896,-0.557
The global credit contribution to the OFR Financial Stress Index incorporates credit-spread information from the US, other advanced economies and emerging markets. It is a model-weighted index contribution, not basis points, an individual bond spread or a US-only measure. Zero means zero contribution to overall stress; rising values mean a larger credit contribution. Official data lag two business days and the model and history may be revised. Retrieval time is the conservative availability clock; original release times are not inferred.

gReal cash inflows

2 charts

ETF flows, stablecoin issuance and verified spot demand; price gains are not inflows

Is capital actually entering the market?

BTC ETF net flows · Daily

Report excerpt · Unverified

-2.39USD 100m

Preliminary; no comparison Insufficient observations

History: 4 observations · Limited history; no trend verdict Latest period incomplete

Assess daily net flows only after complete reporting; missing values are not zero.

As of: 2026-10-08 · Report excerpt · UnverifiedSource named in report: Farside

View data table (last 24 observations)

Period	Value (USD 100m)	Type
2026-10-08	-2.386	Preliminary
2026-10-07	-4.849	Complete per source
2026-10-06	1.188	Complete per source
2026-10-05	-0.898	Complete per source

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-08 · Recorded 2026-10-09 · Read source summary
净流出2.386亿美元
IBIT missing; total is incomplete.
2026-10-07 · Recorded 2026-10-09 · Read source summary
净流出4.849亿美元
2026-10-06 · Recorded 2026-10-08 · Read source summary
+1.188亿美元
2026-10-05 · Recorded 2026-10-07 · Read source summary
8980万美元

Is the on-chain dollar pool expanding?

Stablecoin supply · Daily

Report excerpt · Unverified

3,072USD 100m

-5 USD 100m vs. prior period Insufficient observations

History: 2 observations · Limited history; no trend verdict

Morning stablecoin supply snapshots from the notes; approximate values, not necessarily available buying power.

As of: 2026-10-09 · Report excerpt · UnverifiedSource named in report: DefiLlama

View data table (last 24 observations)

Period	Value (USD 100m)	Type
2026-10-09	3,072	Estimate
2026-10-08	3,077	Estimate

View sources and verification dates

Report and verification dates are labeled separately. Original release timestamps are shown when explicitly provided by the source. Quotations retain their source language.

2026-10-09 · Recorded 2026-10-09 · Read source summary
3072亿美元
Morning snapshot; approximate.
2026-10-08 · Recorded 2026-10-08 · Read source summary
3077亿美元
Morning snapshot; approximate.

FMarket feedback / positioning

1 charts

BTC vs 200DMA, Nasdaq / gold, CME basis, funding, open interest and liquidations

Are prices responding to easier conditions?

BTC relative strength · Daily

Awaiting data

BTC / Nasdaq-100 comparison

Compare percentage changes over the selected period. BTC uses Bitstamp BTC/USD; the benchmark uses FRED Nasdaq-100 via TradingView.

Loads from TradingView only when you click.

External data can extend beyond this research archive’s date. Trading calendars and daily closing times differ. This is a visual performance comparison, not the locally verified relative-strength index; it does not enter coverage counts or research signals.

Chart methodology and provider · TradingView

History: 0 observations · Awaiting data

A benchmark asset, observation window and base date are required; comparable history is not yet available.

As of: No data · Awaiting dataPlanned source:Local research indicator

F · Positioning evidence

Historical report excerpts

Read price, positioning and forced selling together. Rows use report dates; individual readings can refer to earlier events. Different platforms, contract scopes and time windows remain separate. These snapshots do not establish a comparable leverage trend.

Historical report coverageThe original reports disclose no numeric 200DMA series. Use the separate external chart below for live observation; it does not backfill those reports.

BTC / 200-day moving average

Bitstamp BTC/USD daily prices and a 200-period moving average on daily bars, displayed in USD. All selectable ranges use daily bars, so changing the visible window does not turn this into a 200-hour or 200-week average. Read the chart’s own date and MA value.

Loads from TradingView only when you click.

External prices may extend beyond the report archive. The current daily bar may be unfinished, and exchange prices and closing conventions can differ. This live observation is not historical report evidence or a locally verified series; no above/below-MA research signal is inferred.

Chart methodology and provider · TradingView

September 26–October 9 original F-module readings. K means thousand; blank readings are not zero.
Report date	BTC	OI	Funding	Liquidations
2026-10-09 ↗	81.7K	526.8 × USD 100m	Not disclosed	3.04 × USD 100m
Total OI; BTC contract liquidations /24h Original Chinese evidence \| F：市场反馈 \| 🔴 FRAGILE-NEGATIVE \| BTC约81.7K，24小时-1.8%；总OI（未平仓合约金额）约526.8亿美元，24小时BTC合约清算约3.04亿美元。负反馈风险明显，但尚未证明清算正在持续加速。 \|
2026-10-08 ↗	83.3K–83.6K	368.7 × USD 100m	Not disclosed	4.04 × USD 100m
Perpetual OI; liquidation is a historical all-crypto long event /1h Original Chinese evidence \| F：市场反馈 \| 🔴 FRAGILE-NEGATIVE \| BTC跌至约 83.3K–83.6K。此前一次集中清算中，全加密市场约 4.04亿美元多头仓位在1小时内被强平；但最新可比永续合约OI约 368.7亿美元，24小时+0.57%，负反馈尚未持续扩散。 \|
2026-10-07 ↗	85.5K	555 × USD 100m	+0.0007%	Not disclosed
CoinGlass total OI; separate cross-platform funding, interval unspecified Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL，偏弱 \| BTC约 85.5K、-0.5%，CoinGlass总 OI（未平仓量）约 555亿美元；另一个跨平台口径显示 Funding（永续资金费率＝杠杆多头成本）约 +0.0007%、接近零。没有杠杆踩踏，但在 Nasdaq +0.45%、Gold +0.7% 时 BTC 仍下跌，说明正反馈缺失。 \|
2026-10-06 ↗	85.8–85.9K	277 × USD 100m	+0.0019%	5300 × USD 10k
Futures OI; funding interval unspecified; BTC liquidations /24h Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL \| BTC 当前约 85.8–85.9K，24h约 -0.7%~-0.9%；期货 OI（未平仓量）约 277亿美元，24h -1.2%，Funding（永续资金费率＝持有杠杆仓位的成本）约 +0.0019%，24h BTC清算约 5300万美元。价格弱，但没有杠杆扩张或级联强平。 \|
2026-10-05 ↗	85.5–85.8K	265.8 × USD 100m	0.01%/8h	Not disclosed
Cross-platform perpetual OI; Hyperliquid funding /8h Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL，较昨日修复 \| 10/4 晚间 BTC 已回到约 85.5–85.8K；Hyperliquid 上 BTC Funding（永续资金费率＝持有杠杆多头的成本）约 0.01%/8h、处基准水平，跨平台 perp OI（永续未平仓量）约 265.8亿美元，没有看到 10/2 那种快速杠杆再膨胀。 \|
2026-10-04 ↗	84.6K	533 × USD 100m	3% → 10% annualized	Not disclosed
Current CoinGlass total OI; funding describes the October 2 event Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL \| 10/2盘前 OI（未平仓量）从626K增至653K BTC、Funding（资金费率）从约3%升到10%年化；随后 BTC在 87.1K附近失败并回到约84.5K。当前 CoinGlass 总 OI 已回落至约 533亿美元、BTC约 84.6K，说明新杠杆基本被洗掉，且负反馈暂未继续扩散。 \|
2026-10-03 ↗	86.5–86.9K	653,000 BTC	3% → 10%	Not disclosed
OI in BTC; annualized funding Original Chinese evidence \| F（反馈/仓位） \| 🟢 HEALTHY-POSITIVE，但杠杆重新升温 \| BTC升至约 86.5–86.9K；OI（未平仓量）自9/30增加约 27,000 BTC / +4.3%至653,000 BTC（约562亿美元），Funding（永续资金费率）年化约由3%升至10%。仓位开始回补，但仍从近12个月低位恢复，尚未拥挤。 \|
2026-10-02 ↗	84.6K	540 × USD 100m	+0.0066%/8h	Not disclosed
Total OI; cross-exchange funding /8h Original Chinese evidence \| F（反馈/仓位） \| 🟢 HEALTHY-POSITIVE \| BTC 当前约 84.6K、24h +1.28%，总 OI（未平仓量）约 540亿美元，仅温和恢复；跨交易所 Funding（永续资金费率＝杠杆多头成本）约 +0.0066%/8h，仍属正常区间。BTC 同期明显跑赢 Nasdaq约 +0.04%及 Gold约 +0.2%。 coinglass: Bitcoin (BTC) Price Today, Futures & Spot Data \\| CoinGlass, https://www.coinglass.com/currencies/BTC?FROM=ARTICLE-LINKS&utm_source=chatgpt.com, 另外 3 个来源 \|
2026-10-01 ↗	83–85K	527.8 × USD 100m	0.004%/8h	Not disclosed
CoinGlass total OI; funding in the Binance BTCUSDT passage Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL，继续改善 \| CoinGlass口径 BTC总 OI（未平仓量）约 527.8亿美元；Binance BTCUSDT OI 从9/22约94.5亿降至9/30约77.3亿（约 -18%），Funding（资金费率＝杠杆多头成本）近几次约 0.004%/8h、接近中性，而 BTC仍守在83–85K区间。 CryptoNewsLive: Bitcoin Is On Day 359 Of Its Bear Market And The Low Is 91 …, https://www.cryptonewslive.org/article/bitcoin-day-359-bear-market-low-came-91-days-ago?utm_source=chatgpt.com \|
2026-09-30 ↗	84K	529 × USD 100m	Not disclosed	6760 × USD 10k
CoinGlass total OI; BTC liquidations /24h Original Chinese evidence \| F（仓位反馈） \| 🟡 NEUTRAL，质量改善 \| Bitcoin Futures OI（期货未平仓量）过去7天下降约 49,000 BTC，为近一年最大降幅；最新 CoinGlass口径总 OI约 529亿美元，24h BTC清算仅约 6760万美元，Funding（资金费率）已从9/21的高位降至近零/一度转负，而 BTC仍守在约 84K附近。 U.Today: Bitcoin Derivatives See Biggest Drop in a Year - U.Today, https://u.today/bitcoin-derivatives-see-biggest-drop-in-a-year, 另外 1 个来源 \|
2026-09-29 ↗	82.8K	65.2 × 10k BTC	-0.3% annualized average	Not disclosed
Futures OI in BTC; annualized funding Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL，偏负 \| BTC 一度跌至约 82.8K；Futures OI（期货未平仓量）降至约 65.2万 BTC，为年内低位之一，Perp Funding（永续资金费率＝多空持仓成本）转负，约 -0.3%年化均值。这是杠杆资本退出 + 空头偏拥挤，不是多头杠杆堆积。 CoinDesk: Bitcoin traders chase shorts as rising Treasury yields weigh over gold, https://www.coindesk.com/markets/2026/09/28/bitcoin-bears-pay-to-bet-on-further-declines-as-futures-positions-near-yearly-lows \|
2026-09-28 ↗	84.5K–84.9K	Not disclosed	Not disclosed	Not disclosed
Other absolute readings not disclosed Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL \| 周末 BTC 大致维持 84.5K–84.9K，较低点略修复，但仍未重新攻击87K；BTC Funding（永续资金费率＝杠杆多头成本）仍处温和水平，没有多头拥挤证据。也没有新的级联清算。 Bitcoin News: Bitcoin Price Climbs Back Toward $85K With Bulls in the Driver's Seat, https://news.bitcoin.com/market-updates/bitcoin-price-climbs-back-toward-85k-with-bulls-in-the-drivers-seat/?utm_source=chatgpt.com, 另外 1 个来源 \|
2026-09-27 ↗	8.4 × USD 10k	260 × USD 100m	+0.0061%/8h	Not disclosed
Cross-platform perpetuals; funding /8h Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL \| 周末 BTC 仍在约 8.4万美元，未重新突破前高；BTC perp funding（永续资金费率＝杠杆方向成本）约 +0.0061%/8h，接近中性，跨平台 perp OI（永续未平仓量）约 260亿美元。没有多头拥挤，也没有新的正反馈形成。 PerpFinder: Bitcoin (BTC) Perps: Funding, Fees & OI \\| PerpFinder, https://perpfinder.com/asset/BTC?utm_source=chatgpt.com, 另外 1 个来源 \|
2026-09-26 ↗	8.4 × USD 10k	574 × USD 100m	Not disclosed	1.1 × USD 100m
CoinGlass futures; 24h liquidation scope unspecified Original Chinese evidence \| F（反馈/仓位） \| 🟡 NEUTRAL \| BTC 9/25约 -0.4%，仍在8.4万美元附近；CoinGlass 当前 BTC Futures OI（期货未平仓量）约 574亿美元，24h清算约 1.1亿美元，没有重新出现级联去杠杆，但也没有形成新的上涨自强化。 Investing.com Canada: Bitcoin Price History (BTC) - Investing.com CA, https://ca.investing.com/crypto/bitcoin/historical-data?utm_source=chatgpt.com, 另外 1 个来源 \|

Unit labels are translated without changing numerical amounts or sampling conventions. Annualized rates are not converted to 8-hour rates; BTC quantities are not converted at another date’s price. The linked report preserves the original context.

What would confirm the next move?

Await complete ETF reporting and confirmation of demand recovery.