Fed Swap Lines reads $0.0B as of 2026-05-20. Change from prior reading: -0.03. Current value sits at the 0th percentile of the trailing 5 years. Sourced from fred, refreshed every 6 hours, and free to access via the JSON API.
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Integrated Brief
SWPT — Central bank liquidity swap outstanding from H.4.1. When non-zero, foreign central banks (ECB/BoJ/BoE/SNB/BoC) are drawing USD that the private market cannot supply — a revealed offshore dollar shortage.
Core Print
Current Interpretation
Fed Swap Lines is currently 0.02 (daily change -0.03). Based on its standardized history position (z-score), the current read is "Neutral range". Check related indicators to confirm whether this is isolated noise or a broader liquidity shift.
Score contribution is currently unavailable for this indicator.
Fed Swap Lines is a core liquidity signal used to track funding conditions and risk appetite in US dollar markets.
This indicator shifts available liquidity and risk premium, which can move valuations in equities, crypto, and credit.
Use the related indicators and the Liquidity Score direction together to avoid overreacting to a single data point.
Read our complete guide on Fed Swap Lines, including historical examples, interpretation methods, and common pitfalls.