Policy / Reserves
Neutral
TightEasy
The Leading US Dollar Macro Liquidity Terminal
Track TGA, Fed balance sheet, ON RRP, VIX, and 8 more macro liquidity indicators — updated daily. Professional grade, completely free.
Watch list
Core indicator modules
State Score
48/100
Loose
≤ P20
Mildly Loose
P20-P50
Mildly Tight
P50-P80
Tight
≥ P80
Start with today's regime, then drill into the drivers and indicators behind it.
What matters now
Liquidity is neutral and stable, with state score at P48. Recent changes are driven by TGA Balance and SRF Usage.
What Changed
5D +27.06, tightening contribution increased
5D +0.30, tightening contribution increased
5D -1.67, easing contribution increased
Start with the score, then drill into the underlying blocks that are driving liquidity conditions.
Indicator Module
Fed balance sheet, TGA, and conditional ON RRP depletion transition — the primary policy and reserve levers.
Fed BS Size
Fed Balance Sheet (Total Assets)
TGA Balance
Treasury General Account (TGA)
ON RRP
Overnight Reverse Repo (ON RRP)
Indicator Module
SOFR-IORB spread and SRF usage — real-time stress signals from the funding plumbing.
Indicator Module
Bank cash buffers and high-yield spreads — how willing are intermediaries to lend?
Indicator Module
VIX, dollar strength, and real yields — market price feedback on liquidity conditions.
Indicator Module
Net Liquidity and M2 money supply — broader aggregates shown for context, not directly scored.
A quick scan of where pressure is building across policy, funding, credit, and risk.
The biggest forces pushing liquidity easier or tighter right now.
See how liquidity conditions have translated into stocks, bonds, gold, and BTC.
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Correlations
Lead–lag
State Outcomes (20D)
Correlations
Lead–lag
State Outcomes (20D)
Correlations
Lead–lag
State Outcomes (20D)
Correlations
Lead–lag
State Outcomes (20D)