Beneath the surface

Selected for non-obvious structure
MarketsCross-asset · live · 03:30 UTC · Yahoo Finance / FRED / CFTC
Equities
7,711.76
S&P 500
-0.25%
Normal
Rates
4.720
US 10Y yield, %
+4.8bp
Normal
Credit
263
US high-yield spread, bp
-4
Normal
FX
99.58
Dollar index (DXY)
-0.12%
Normal
Commodities
85.03
WTI crude, $/bbl
+1.95%
Normal
Volatility
14.43
VIX
-0.08
Normal
Rates
Curve steepening shows funding stress is in the short end

Short-term rates are repricing fast; growth views shift only later.

Credit
Risk clusters by borrower, not sector

An index average can conceal default clustering within a handful of balance sheets.

Liquidity
Market depth thins quietly before volatility spikes

Liquidity risk materializes before benchmarks move, reflected first in canceled quotes.

LatestChronological feed

Sections

ArcaneThe structure is already there · alpha-interactive
ARCANE — evidence-backed market investigations