US dollar macro liquidity terminal

Macro Liquidity Terminal

A composite read of US dollar liquidity conditions, scored from 12 macro indicators across Fed policy, funding plumbing, credit, and risk. Updated every 6 hours from public Fed and Treasury data.

Today signal

DLI state

7D trend

latest change

Coverage

updated daily

View liquidity history Explore all indicators

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Composite Score (DLI)

DLI liquidity score

History

Liquidity condition

P -- / 5Y

State score

Percentile rank across the rolling 5-year history

-- /100

State bands

Loose
<= P20 Mildly loose
P20-P50 Mildly tight
P50-P80 Tight
>= P80

7D trend --

Raw score --

Risk bias --

Today's takeaway

What matters now

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What Changed biggest movers since 5 days ago

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Composite Z
--

7D delta
--

Concentration
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Indicator Module

Core indicator modules

12 series · 4 tiers

Policy / Reserves

Fed balance sheet, TGA, and ON RRP: the primary supply-side liquidity levers.

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Funding / Plumbing

SOFR-IORB spread and SRF usage: real-time stress signals from funding plumbing.

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Credit / Intermediation

Bank cash buffers and high-yield spreads: how willing intermediaries are to lend.

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Risk / Price

VIX, dollar strength, and real yields: market price feedback on liquidity conditions.

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Broader Liquidity

Composite and broader monetary indicators for context, not included in DLI scoring.

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Ariston Macro Monitor

Macro Tape

Phase 2A · Macro Tape · 4 macro pillars Full regime view

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Macro Regime Engine

Macro Regime

4 pillars / attribution

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Regime Diagnostics

Liquidity Map

tier sub-scores

Policy

Funding

Credit

Risk

Contribution Stack

Key Drivers

ranked by |contribution|

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Cross-Asset Lens

Asset Impact Lens

how DLI relates to risk assets

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