Knowledge Center
Structured indicator explainers with methodology context in one place.
Brief
Learn how TGA Balance affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
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Learn how Fed BS Size affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
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Learn how ON RRP affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
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Learn how SOFR-IORB affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how SRF Usage affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how VIX affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
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Learn how HY Spread affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
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Learn how 10Y Real Yield affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how Dollar Index affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how Cash Buffer affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how Net Liquidity affects US dollar liquidity and risk assets — with interpretation guidance and practical tips.
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Learn how M2 Supply affects US dollar liquidity and risk assets — with historical examples, data thresholds, and practical interpretation steps.
Methodology Essentials
The site tracks 12 indicators; 10 feed the DLI across 4 tiers: Policy/Reserves 65% (Fed balance sheet, TGA, conditional ON RRP depletion-transition signal), Funding/Plumbing 10%, Credit/Intermediation 5%, Risk/Price 20%. The DLI is a coincident, slow-moving liquidity *stance* gauge — not a crisis detector.
Net Liquidity and M2 are tracked for context. The DLI scores the underlying policy levers directly: Fed balance sheet, TGA, and a conditional ON RRP depletion-transition signal.
| Tier | Weight | Indicators |
|---|---|---|
| Policy / Reserves | 65% | Fed BS Size, TGA Balance, ON RRP |
| Funding / Plumbing | 10% | SOFR-IORB, SRF Usage |
| Credit / Intermediation | 5% | Cash Buffer, HY Spread |
| Risk / Price | 20% | VIX, Dollar Index, 10Y Real Yield |
Loose
Neutral
Tight