Dollar Liquidity Index
Score +0.22 · P39 · 5Y
Today's Takeaway
Dollar liquidity conditions are neutral and deteriorating. The composite score sits at the 39th percentile of its 5-year range.
Policy
Neutral
Funding
Easing
Credit
Neutral
Risk
Tightening
Fed balance sheet, TGA, and ON RRP — the three net-liquidity components that form the headline spine.
SOFR-IORB spread and SRF usage — real-time stress signals from the funding plumbing.
Bank cash buffers and high-yield spreads — how willing are intermediaries to lend?
VIX, dollar strength, and real yields — market price feedback on liquidity conditions.
Net Liquidity and M2 money supply — broader aggregates shown for context, not directly scored.
Fed swap-line usage, CP-Tbill funding stress, foreign Treasury holdings, ECB/BoJ balance sheets — reference indicators for offshore dollar funding and the global central-bank liquidity context. NOT included in DLI scoring.
Data from FRED, US Treasury, NY Fed · Not financial advice