{"movements":[{"slug":"us-corporate-equity-to-m2","title":"Nonfinancial corporate equity / M2","question":"How large is the quoted value of US nonfinancial corporations' equity relative to the money supply?","href":"/benchmarks/us-corporate-equity-to-m2","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"quarterly","source":"FRED","latestLabel":"3.10","latestUnit":"ratio","latestDate":"2026-01-01","asOf":"Q1 2026","changeLatest":{"label":"−4.0%","value":-4.0068676959518434,"tone":"down","isPercent":true},"change1Y":{"label":"+12.5%","value":12.463050877447834,"tone":"up","isPercent":true},"change5Y":{"label":"+28.6%","value":28.610497644152467,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":39,"surpriseLabel":"39th pct move","isFresh":false,"sparkPath":"M 0.0 14.9 L 6.3 16.0 L 12.6 13.7 L 18.9 17.7 L 25.3 26.3 L 31.6 28.0 L 37.9 26.0 L 44.2 22.5 L 50.5 17.9 L 56.8 20.0 L 63.2 15.1 L 69.5 10.5 L 75.8 9.3 L 82.1 6.6 L 88.4 6.0 L 94.7 9.7 L 101.1 4.8 L 107.4 0.8 L 113.7 0.0 L 120.0 2.7","searchText":"nonfinancial corporate equity / m2 how large is the quoted value of us nonfinancial corporations' equity relative to the money supply? (ncbeilq027s in $m / 1,000) / m2sl in $bn us-corporate-equity-to-m2 us corporate equity to m2 latest liquidity-m2 quarterly ncbeilq027s nonfinancial corporate equity / m2 ncbeilq027s m2sl"},{"slug":"corporate-debt-to-gdp","title":"Corporate debt / GDP","question":"How large is nonfinancial corporate debt relative to the economy?","href":"/benchmarks/corporate-debt-to-gdp","cluster":"macro","clusterLabel":"Growth, debt and incomes","frequency":"quarterly","source":"FRED","latestLabel":"45.36","latestUnit":"% of GDP","latestDate":"2026-01-01","asOf":"Q1 2026","changeLatest":{"label":"+0.8%","value":0.7869851249155291,"tone":"up","isPercent":true},"change1Y":{"label":"−1.4%","value":-1.3516915437244204,"tone":"down","isPercent":true},"change5Y":{"label":"−14.9%","value":-14.878854213007187,"tone":"down","isPercent":true},"percentileLabel":"80th","percentileValue":80,"surpriseValue":49,"surpriseLabel":"49th pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 6.3 1.9 L 12.6 5.5 L 18.9 5.6 L 25.3 7.2 L 31.6 9.4 L 37.9 13.0 L 44.2 13.9 L 50.5 15.4 L 56.8 18.5 L 63.2 20.8 L 69.5 20.4 L 75.8 20.9 L 82.1 21.4 L 88.4 24.9 L 94.7 24.4 L 101.1 25.4 L 107.4 26.9 L 113.7 28.0 L 120.0 26.7","searchText":"corporate debt / gdp how large is nonfinancial corporate debt relative to the economy? (bcnsdodns in $m / 1,000) / gdp in $bn × 100 corporate-debt-to-gdp corporate debt to gdp latest macro quarterly bcnsdodns corporate debt / gdp bcnsdodns"},{"slug":"federal-deficit-to-gdp","title":"Federal surplus or deficit / GDP","question":"How large is the federal budget balance relative to the economy?","href":"/benchmarks/federal-deficit-to-gdp","cluster":"macro","clusterLabel":"Growth, debt and incomes","frequency":"annual","source":"FRED","latestLabel":"-5.77","latestUnit":"% of GDP","latestDate":"2025-01-01","asOf":"2025","changeLatest":{"label":"+0.4 pp","value":0.4271900000000004,"tone":"up","isPercent":false},"change1Y":{"label":"+0.4 pp","value":0.4271900000000004,"tone":"up","isPercent":false},"change5Y":{"label":"+8.7 pp","value":8.71334,"tone":"up","isPercent":false},"percentileLabel":"14th","percentileValue":14,"surpriseValue":23,"surpriseLabel":"23rd pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 13.3 0.7 L 26.7 1.6 L 40.0 3.6 L 53.3 28.0 L 66.7 21.1 L 80.0 5.3 L 93.3 7.3 L 106.7 7.6 L 120.0 6.5","searchText":"federal surplus or deficit / gdp how large is the federal budget balance relative to the economy? fyfsgda188s as published (% of gdp) federal-deficit-to-gdp federal deficit to gdp latest macro annual fyfsgda188s federal surplus or deficit / gdp fyfsgda188s"},{"slug":"house-prices-vs-income","title":"House prices vs median household income","question":"Have home prices outpaced what a typical household earns?","href":"/benchmarks/house-prices-vs-income","cluster":"macro","clusterLabel":"Growth, debt and incomes","frequency":"annual","source":"FRED","latestLabel":"151.0","latestDate":"2024-01-01","asOf":"2024","changeLatest":{"label":"+1.2%","value":1.1911259267764152,"tone":"up","isPercent":true},"change1Y":{"label":"+1.2%","value":1.1911259267764152,"tone":"up","isPercent":true},"change5Y":{"label":"+25.9%","value":25.911866777273595,"tone":"up","isPercent":true},"percentileLabel":"97th","percentileValue":97,"surpriseValue":22,"surpriseLabel":"22nd pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 13.3 27.5 L 26.7 25.5 L 40.0 23.4 L 53.3 27.9 L 66.7 21.6 L 80.0 9.6 L 93.3 0.0 L 106.7 6.1 L 120.0 4.7","searchText":"house prices vs median household income have home prices outpaced what a typical household earns? index csushpisa (annual midpoint) and mehoinusa646n to 100 at the shared start house-prices-vs-income house prices vs income price vs income macro annual csushpisa case-shiller us home price index mehoinusa646n median household income csushpisa mehoinusa646n"},{"slug":"nominal-vs-real-gdp","title":"Nominal GDP vs real GDP","question":"How much of GDP growth reflects higher output versus higher prices?","href":"/benchmarks/nominal-vs-real-gdp","cluster":"macro","clusterLabel":"Growth, debt and incomes","frequency":"quarterly","source":"FRED","latestLabel":"12.0×","latestDate":"2026-04-01","asOf":"Q2 2026","changeLatest":{"label":"+1.5%","value":1.5340117127258246,"tone":"up","isPercent":true},"change1Y":{"label":"+4.3%","value":4.333049679551193,"tone":"up","isPercent":true},"change5Y":{"label":"+22.5%","value":22.466865252221346,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":88,"surpriseLabel":"88th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 6.3 25.7 L 12.6 22.9 L 18.9 19.7 L 25.3 18.1 L 31.6 16.7 L 37.9 15.3 L 44.2 14.6 L 50.5 13.3 L 56.8 12.7 L 63.2 11.5 L 69.5 10.6 L 75.8 9.9 L 82.1 9.0 L 88.4 7.6 L 94.7 6.8 L 101.1 5.4 L 107.4 3.9 L 113.7 2.5 L 120.0 0.0","searchText":"nominal gdp vs real gdp how much of gdp growth reflects higher output versus higher prices? index gdp and gdpc1 to 100 at the first shared quarter nominal-vs-real-gdp nominal vs real gdp nominal vs real macro quarterly gdp nominal gdp gdpc1 real gdp gdp gdpc1"},{"slug":"wages-vs-cpi","title":"Wages vs consumer prices","question":"Have private-sector hourly earnings kept pace with consumer prices?","href":"/benchmarks/wages-vs-cpi","cluster":"macro","clusterLabel":"Growth, debt and incomes","frequency":"monthly","source":"FRED","latestLabel":"112.7","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"+0.7%","value":0.7189305792538514,"tone":"up","isPercent":true},"change1Y":{"label":"−0.1%","value":-0.05140912445865675,"tone":"down","isPercent":true},"change5Y":{"label":"+0.2%","value":0.19655817379491403,"tone":"up","isPercent":true},"percentileLabel":"90th","percentileValue":90,"surpriseValue":95,"surpriseLabel":"95th pct move","isFresh":false,"sparkPath":"M 0.0 5.9 L 4.0 5.6 L 8.0 7.3 L 12.0 12.3 L 16.0 15.6 L 20.0 18.3 L 24.0 28.0 L 28.0 23.3 L 32.0 24.5 L 36.0 21.5 L 40.0 23.0 L 44.0 20.5 L 48.0 18.0 L 52.0 18.5 L 56.0 18.3 L 60.0 16.5 L 64.0 16.8 L 68.0 16.6 L 72.0 11.9 L 76.0 10.0 L 80.0 8.8 L 84.0 8.7 L 88.0 8.4 L 92.0 6.3 L 96.0 4.2 L 100.0 3.3 L 104.0 0.0 L 108.0 0.4 L 112.0 4.4 L 116.0 9.4 L 120.0 4.6","searchText":"wages vs consumer prices have private-sector hourly earnings kept pace with consumer prices? index ces0500000003 and cpiaucsl to 100 at the first shared month; real wage = wage index / cpi index × 100 wages-vs-cpi wages vs cpi real wage macro monthly ces0500000003 average hourly earnings cpiaucsl cpi-u ces0500000003 cpiaucsl"},{"slug":"ten-year-yield-vs-inflation","title":"Ten-year Treasury yield vs inflation","question":"How does the nominal ten-year yield compare with recent CPI inflation?","href":"/benchmarks/ten-year-yield-vs-inflation","cluster":"rates-credit","clusterLabel":"Rates and credit","frequency":"monthly","source":"FRED","latestLabel":"0.74%","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"+0.5 pp","value":0.5299789987377546,"tone":"up","isPercent":false},"change1Y":{"label":"−1.0 pp","value":-0.9590997920322639,"tone":"down","isPercent":false},"change5Y":{"label":"+4.5 pp","value":4.5204880533166,"tone":"up","isPercent":false},"percentileLabel":"26th","percentileValue":26,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":false,"sparkPath":"M 0.0 20.2 L 4.0 20.5 L 8.0 23.2 L 12.0 27.0 L 16.0 28.0 L 20.0 26.2 L 24.0 27.4 L 28.0 25.6 L 32.0 20.2 L 36.0 16.7 L 40.0 14.7 L 44.0 12.1 L 48.0 4.5 L 52.0 5.3 L 56.0 1.4 L 60.0 4.4 L 64.0 3.2 L 68.0 2.7 L 72.0 2.2 L 76.0 2.4 L 80.0 1.5 L 84.0 1.5 L 88.0 1.1 L 92.0 0.0 L 96.0 0.9 L 100.0 2.2 L 104.0 3.0 L 108.0 2.0 L 112.0 3.6 L 116.0 6.1 L 120.0 4.3","searchText":"ten-year treasury yield vs inflation how does the nominal ten-year yield compare with recent cpi inflation? dgs10 averaged to monthly; cpi inflation = 100 × (cpi / cpi 12 months earlier − 1) ten-year-yield-vs-inflation ten year yield vs inflation real yield rates-credit monthly dgs10 10-year treasury yield (monthly avg) cpiaucsl cpi inflation (trailing 12m) dgs10 cpiaucsl"},{"slug":"usd-jpy","title":"USD/JPY over 40 years","question":"How strong is the yen against the US dollar compared with the past four decades?","href":"/benchmarks/usd-jpy","cluster":"fx","clusterLabel":"Currencies","frequency":"monthly","source":"FRED","latestLabel":"158.95","latestUnit":"yen per US dollar","latestDate":"2026-08-01","asOf":"August 2026","changeLatest":{"label":"−2.1%","value":-2.079439971998598,"tone":"down","isPercent":true},"change1Y":{"label":"+7.8%","value":7.781081997384587,"tone":"up","isPercent":true},"change5Y":{"label":"+44.7%","value":44.697363412171676,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":63,"surpriseLabel":"63rd pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 26.0 L 8.0 25.5 L 12.0 23.5 L 16.0 18.0 L 20.0 13.8 L 24.0 10.2 L 28.0 10.7 L 32.0 17.1 L 36.0 15.4 L 40.0 13.6 L 44.0 11.5 L 48.0 7.8 L 52.0 6.8 L 56.0 8.6 L 60.0 6.7 L 64.0 3.5 L 68.0 2.6 L 72.0 10.4 L 76.0 4.6 L 80.0 3.1 L 84.0 7.1 L 88.0 9.4 L 92.0 8.1 L 96.0 7.8 L 100.0 3.9 L 104.0 3.0 L 108.0 2.0 L 112.0 2.2 L 116.0 0.0 L 120.0 1.8","searchText":"usd/jpy over 40 years how strong is the yen against the us dollar compared with the past four decades? dexjpus daily averaged to monthly, from july 1986 usd-jpy usd jpy latest fx monthly dexjpus usd/jpy (monthly avg) dexjpus"},{"slug":"bitcoin-vs-m2","title":"Bitcoin vs M2 money supply","question":"Has Bitcoin appreciated faster than the dollar money supply has grown?","href":"/benchmarks/bitcoin-vs-m2","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"77.0×","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"−19.6%","value":-19.551971026242533,"tone":"down","isPercent":true},"change1Y":{"label":"−43.6%","value":-43.58419703357058,"tone":"down","isPercent":true},"change5Y":{"label":"+55.4%","value":55.39317313742751,"tone":"up","isPercent":true},"percentileLabel":"78th","percentileValue":78,"surpriseValue":76,"surpriseLabel":"76th pct move","isFresh":false,"sparkPath":"M 0.0 22.6 L 4.0 19.3 L 8.0 15.2 L 12.0 21.2 L 16.0 21.0 L 20.0 24.0 L 24.0 26.9 L 28.0 27.4 L 32.0 28.0 L 36.0 27.2 L 40.0 25.6 L 44.0 24.8 L 48.0 24.0 L 52.0 25.2 L 56.0 22.0 L 60.0 20.2 L 64.0 12.7 L 68.0 13.5 L 72.0 14.3 L 76.0 15.2 L 80.0 7.6 L 84.0 3.8 L 88.0 8.3 L 92.0 3.1 L 96.0 0.0 L 100.0 0.9 L 104.0 5.8 L 108.0 7.6 L 112.0 13.8 L 116.0 11.8 L 120.0 16.0","searchText":"bitcoin vs m2 money supply has bitcoin appreciated faster than the dollar money supply has grown? index btc-usd (monthly avg adjusted close) and m2sl to 100 at the shared start bitcoin-vs-m2 bitcoin vs m2 bitcoin vs m2 liquidity-m2 monthly btc-usd bitcoin (usd) m2sl m2 money supply btc-usd m2sl"},{"slug":"gold-vs-debt","title":"Gold price vs US federal debt","question":"Has gold kept pace with the growth of US government borrowing?","href":"/benchmarks/gold-vs-debt","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"204.9","latestDate":"2026-01-01","asOf":"January 2026","changeLatest":{"label":"+15.4%","value":15.389321746997876,"tone":"up","isPercent":true},"change1Y":{"label":"+61.7%","value":61.70542574698696,"tone":"up","isPercent":true},"change5Y":{"label":"+79.7%","value":79.73618716850055,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":96,"surpriseLabel":"96th pct move","isFresh":false,"sparkPath":"M 0.0 4.9 L 4.0 2.3 L 8.0 4.8 L 12.0 3.9 L 16.0 11.7 L 20.0 16.9 L 24.0 18.3 L 28.0 21.1 L 32.0 21.7 L 36.0 23.9 L 40.0 22.7 L 44.0 23.0 L 48.0 22.8 L 52.0 23.5 L 56.0 23.4 L 60.0 26.7 L 64.0 25.4 L 68.0 22.9 L 72.0 23.2 L 76.0 21.3 L 80.0 24.2 L 84.0 25.0 L 88.0 23.7 L 92.0 28.0 L 96.0 24.3 L 100.0 26.7 L 104.0 22.3 L 108.0 19.4 L 112.0 13.4 L 116.0 6.7 L 120.0 0.0","searchText":"gold price vs us federal debt has gold kept pace with the growth of us government borrowing? index gld (monthly avg adjusted close) and gfdebtn to 100 at the shared start gold-vs-debt gold vs debt gold vs debt liquidity-m2 monthly gld gold (gld) gfdebtn us federal debt gld gfdebtn"},{"slug":"bitcoin-vs-gold-m2","title":"Bitcoin and gold vs the money supply","question":"Have Bitcoin and gold appreciated faster than the dollar money supply has grown?","href":"/benchmarks/bitcoin-vs-gold-m2","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"77.0×","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"−19.2%","value":-19.204436211022514,"tone":"down","isPercent":true},"change1Y":{"label":"−40.5%","value":-40.46679757512673,"tone":"down","isPercent":true},"change5Y":{"label":"+75.8%","value":75.75920411837392,"tone":"up","isPercent":true},"percentileLabel":"83rd","percentileValue":83,"surpriseValue":76,"surpriseLabel":"76th pct move","isFresh":false,"sparkPath":"M 0.0 23.2 L 4.0 19.9 L 8.0 15.7 L 12.0 21.3 L 16.0 21.0 L 20.0 24.0 L 24.0 26.9 L 28.0 27.4 L 32.0 28.0 L 36.0 27.2 L 40.0 25.8 L 44.0 25.2 L 48.0 24.4 L 52.0 25.5 L 56.0 22.6 L 60.0 20.7 L 64.0 13.7 L 68.0 14.3 L 72.0 15.1 L 76.0 15.8 L 80.0 8.2 L 84.0 4.4 L 88.0 8.7 L 92.0 3.4 L 96.0 0.0 L 100.0 0.6 L 104.0 5.5 L 108.0 7.1 L 112.0 13.1 L 116.0 10.7 L 120.0 15.0","searchText":"bitcoin and gold vs the money supply have bitcoin and gold appreciated faster than the dollar money supply has grown? index btc-usd and gld (both monthly avg) and m2sl to 100 at the shared start bitcoin-vs-gold-m2 bitcoin vs gold m2 btc vs gold (vs m2) liquidity-m2 monthly btc-usd bitcoin (usd) gld gold (gld) m2sl m2 money supply btc-usd gld m2sl"},{"slug":"total-equity-vs-m2","title":"Total US stock market vs M2 money supply","question":"Has the broad US stock market grown faster than the money supply?","href":"/benchmarks/total-equity-vs-m2","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"227.9","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"+0.6%","value":0.5694331895993221,"tone":"up","isPercent":true},"change1Y":{"label":"+18.8%","value":18.84763868081647,"tone":"up","isPercent":true},"change5Y":{"label":"+58.1%","value":58.06428110143147,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":12,"surpriseLabel":"12th pct move","isFresh":false,"sparkPath":"M 0.0 21.5 L 4.0 21.4 L 8.0 20.2 L 12.0 22.2 L 16.0 24.0 L 20.0 27.0 L 24.0 27.8 L 28.0 28.0 L 32.0 27.2 L 36.0 26.5 L 40.0 25.9 L 44.0 24.3 L 48.0 20.9 L 52.0 21.7 L 56.0 21.3 L 60.0 18.1 L 64.0 15.1 L 68.0 14.7 L 72.0 12.3 L 76.0 11.9 L 80.0 9.2 L 84.0 9.0 L 88.0 12.1 L 92.0 11.2 L 96.0 7.4 L 100.0 5.2 L 104.0 4.3 L 108.0 2.7 L 112.0 5.6 L 116.0 0.3 L 120.0 0.0","searchText":"total us stock market vs m2 money supply has the broad us stock market grown faster than the money supply? index vti (monthly avg adjusted close) and m2sl to 100 at the shared start total-equity-vs-m2 total equity vs m2 equity vs m2 liquidity-m2 monthly vti total us market (vti) m2sl m2 money supply vti m2sl"},{"slug":"stock-prices-vs-cpi","title":"Stock prices vs consumer prices","question":"Have stock prices kept ahead of consumer-price inflation?","href":"/benchmarks/stock-prices-vs-cpi","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"13.2×","latestDate":"2026-06-01","asOf":"June 2026","changeLatest":{"label":"+1.0%","value":1.0226235720151022,"tone":"up","isPercent":true},"change1Y":{"label":"+20.7%","value":20.728166947132532,"tone":"up","isPercent":true},"change5Y":{"label":"+53.0%","value":53.00644263548742,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":25,"surpriseLabel":"25th pct move","isFresh":false,"sparkPath":"M 0.0 20.7 L 4.0 19.0 L 8.0 19.4 L 12.0 18.0 L 16.0 20.6 L 20.0 21.4 L 24.0 26.4 L 28.0 24.1 L 32.0 28.0 L 36.0 26.4 L 40.0 25.2 L 44.0 24.9 L 48.0 23.0 L 52.0 22.3 L 56.0 24.0 L 60.0 20.5 L 64.0 18.0 L 68.0 17.3 L 72.0 14.7 L 76.0 14.2 L 80.0 11.8 L 84.0 10.1 L 88.0 10.1 L 92.0 15.6 L 96.0 10.3 L 100.0 7.4 L 104.0 4.8 L 108.0 3.4 L 112.0 6.2 L 116.0 0.6 L 120.0 0.0","searchText":"stock prices vs consumer prices have stock prices kept ahead of consumer-price inflation? index spy (monthly avg adjusted close) and cpiaucsl to 100 at the shared start stock-prices-vs-cpi stock prices vs cpi stocks vs cpi equity-factors monthly spy s&p 500 (spy) cpiaucsl cpi-u spy cpiaucsl"},{"slug":"sp500-vs-fed-balance-sheet","title":"S&P 500 vs the Fed balance sheet","question":"How do stock prices move against the size of the Federal Reserve's balance sheet?","href":"/benchmarks/sp500-vs-fed-balance-sheet","cluster":"liquidity-m2","clusterLabel":"Liquidity and money supply","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"141.0","latestDate":"2026-08-01","asOf":"August 2026","changeLatest":{"label":"+3.0%","value":3.007896299909718,"tone":"up","isPercent":true},"change1Y":{"label":"+19.5%","value":19.47146382600713,"tone":"up","isPercent":true},"change5Y":{"label":"+127.5%","value":127.51822217210406,"tone":"up","isPercent":true},"percentileLabel":"96th","percentileValue":96,"surpriseValue":63,"surpriseLabel":"63rd pct move","isFresh":true,"sparkPath":"M 0.0 24.9 L 4.0 24.5 L 8.0 25.2 L 12.0 26.1 L 16.0 27.5 L 20.0 27.9 L 24.0 28.0 L 28.0 27.3 L 32.0 26.8 L 36.0 26.9 L 40.0 25.8 L 44.0 23.8 L 48.0 23.6 L 52.0 22.8 L 56.0 20.6 L 60.0 18.2 L 64.0 17.2 L 68.0 15.1 L 72.0 14.2 L 76.0 11.8 L 80.0 10.9 L 84.0 12.1 L 88.0 11.0 L 92.0 8.0 L 96.0 6.0 L 100.0 4.8 L 104.0 3.7 L 108.0 5.6 L 112.0 1.6 L 116.0 1.3 L 120.0 0.0","searchText":"s&p 500 vs the fed balance sheet how do stock prices move against the size of the federal reserve's balance sheet? index spy and walcl (both monthly avg) to 100 at the shared start sp500-vs-fed-balance-sheet sp500 vs fed balance sheet stocks vs fed bs liquidity-m2 monthly spy s&p 500 (spy) walcl fed total assets spy walcl"},{"slug":"sp500-vs-oil","title":"S&P 500 vs WTI crude oil","question":"Do equities and oil prices move together, or has the link decoupled?","href":"/benchmarks/sp500-vs-oil","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"monthly","source":"FRED + Yahoo Finance","latestLabel":"740.9","latestDate":"2026-08-01","asOf":"August 2026","changeLatest":{"label":"+1.3%","value":1.2803968381439157,"tone":"up","isPercent":true},"change1Y":{"label":"−3.7%","value":-3.7078184561727956,"tone":"down","isPercent":true},"change5Y":{"label":"+53.0%","value":53.022779974167975,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":15,"surpriseLabel":"15th pct move","isFresh":true,"sparkPath":"M 0.0 19.8 L 4.0 20.8 L 8.0 22.1 L 12.0 26.8 L 16.0 28.0 L 20.0 27.4 L 24.0 25.0 L 28.0 24.7 L 32.0 23.2 L 36.0 22.0 L 40.0 20.7 L 44.0 20.2 L 48.0 23.5 L 52.0 20.7 L 56.0 18.2 L 60.0 18.5 L 64.0 17.9 L 68.0 17.0 L 72.0 12.8 L 76.0 11.1 L 80.0 13.0 L 84.0 11.5 L 88.0 7.9 L 92.0 8.3 L 96.0 4.5 L 100.0 1.2 L 104.0 0.0 L 108.0 14.8 L 112.0 14.8 L 116.0 7.6 L 120.0 7.2","searchText":"s&p 500 vs wti crude oil do equities and oil prices move together, or has the link decoupled? index spy and dcoilwtico (both monthly avg) to 100 at the shared start sp500-vs-oil sp500 vs oil stocks vs oil equity-factors monthly spy s&p 500 (spy) dcoilwtico wti crude oil (usd/bbl) spy dcoilwtico"},{"slug":"us-vs-international","title":"US vs international equities","question":"Has US stock-market leadership over the rest of the world persisted or reversed?","href":"/benchmarks/us-vs-international","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+171.3%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.9 pp","value":-0.8662412610572119,"tone":"down","isPercent":false},"change1Y":{"label":"−8.8 pp","value":-8.839905784790801,"tone":"down","isPercent":false},"change5Y":{"label":"+36.6 pp","value":36.59692775287223,"tone":"up","isPercent":false},"percentileLabel":"87th","percentileValue":87,"surpriseValue":65,"surpriseLabel":"65th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 3.8 27.0 L 7.5 20.3 L 11.3 26.1 L 15.0 21.6 L 18.8 26.1 L 22.5 21.6 L 26.3 18.4 L 30.0 20.4 L 33.8 27.2 L 37.5 24.9 L 41.3 26.8 L 45.0 19.7 L 48.8 18.3 L 52.5 17.8 L 56.3 16.1 L 60.0 13.5 L 63.8 12.7 L 67.5 9.3 L 71.3 10.1 L 75.0 8.7 L 78.8 0.0 L 82.5 0.4 L 86.3 13.5 L 90.0 13.6 L 93.8 9.1 L 97.5 10.5 L 101.3 11.4 L 105.0 15.7 L 108.8 17.9 L 112.5 14.3 L 116.3 14.1 L 120.0 14.1","searchText":"us vs international equities has us stock-market leadership over the rest of the world persisted or reversed? vti and vxus adjusted close indexed to 100 at the shared start us-vs-international us vs international us vs international equity-factors daily vti us total market (vti) vxus international ex-us (vxus) vti vxus"},{"slug":"large-vs-small-cap","title":"Large caps vs small caps","question":"Are large caps leading small caps, or is the small-cap trade working?","href":"/benchmarks/large-vs-small-cap","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+3.9%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"+0.7 pp","value":0.6525013596204303,"tone":"up","isPercent":false},"change1Y":{"label":"+11.7 pp","value":11.67550487420236,"tone":"up","isPercent":false},"change5Y":{"label":"−30.9 pp","value":-30.924976329188695,"tone":"down","isPercent":false},"percentileLabel":"8th","percentileValue":8,"surpriseValue":54,"surpriseLabel":"54th pct move","isFresh":true,"sparkPath":"M 0.0 2.2 L 3.8 0.0 L 7.5 4.1 L 11.3 8.9 L 15.0 8.9 L 18.8 9.8 L 22.5 9.5 L 26.3 8.1 L 30.0 7.5 L 33.8 8.9 L 37.5 7.3 L 41.3 15.4 L 45.0 15.1 L 48.8 15.7 L 52.5 20.2 L 56.3 15.1 L 60.0 19.2 L 63.8 21.3 L 67.5 24.5 L 71.3 21.7 L 75.0 22.7 L 78.8 20.2 L 82.5 22.4 L 86.3 26.9 L 90.0 28.0 L 93.8 27.6 L 97.5 25.2 L 101.3 27.3 L 105.0 20.6 L 108.8 23.1 L 112.5 23.2 L 116.3 20.5 L 120.0 20.7","searchText":"large caps vs small caps are large caps leading small caps, or is the small-cap trade working? spy and iwm adjusted close indexed to 100 at the shared start large-vs-small-cap large vs small cap small vs large equity-factors daily spy large caps (spy) iwm small caps (iwm) spy iwm"},{"slug":"growth-vs-value","title":"Growth vs value","question":"Is the growth factor still beating value, or has the regime rotated?","href":"/benchmarks/growth-vs-value","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+65.1%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−1.0 pp","value":-0.9845884370695046,"tone":"down","isPercent":false},"change1Y":{"label":"−18.0 pp","value":-18.03900461769345,"tone":"down","isPercent":false},"change5Y":{"label":"+5.2 pp","value":5.216150256641669,"tone":"up","isPercent":false},"percentileLabel":"92nd","percentileValue":92,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 7.2 L 3.8 7.5 L 7.5 5.0 L 11.3 14.9 L 15.0 15.1 L 18.8 22.5 L 22.5 20.1 L 26.3 20.0 L 30.0 27.6 L 33.8 28.0 L 37.5 22.9 L 41.3 19.3 L 45.0 14.5 L 48.8 14.2 L 52.5 14.6 L 56.3 11.7 L 60.0 10.7 L 63.8 11.0 L 67.5 5.3 L 71.3 8.8 L 75.0 9.2 L 78.8 5.2 L 82.5 5.0 L 86.3 12.2 L 90.0 3.7 L 93.8 0.5 L 97.5 0.0 L 101.3 0.6 L 105.0 5.2 L 108.8 8.6 L 112.5 1.6 L 116.3 5.2 L 120.0 6.8","searchText":"growth vs value is the growth factor still beating value, or has the regime rotated? vug and vtv adjusted close indexed to 100 at the shared start growth-vs-value growth vs value growth vs value equity-factors daily vug growth (vug) vtv value (vtv) vug vtv"},{"slug":"nasdaq-vs-broad-market","title":"Nasdaq-100 vs broad market","question":"How much of the market's return is concentrated in the Nasdaq-100?","href":"/benchmarks/nasdaq-vs-broad-market","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+88.0%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.4 pp","value":-0.42003077819168766,"tone":"down","isPercent":false},"change1Y":{"label":"+3.8 pp","value":3.7866281385919933,"tone":"up","isPercent":false},"change5Y":{"label":"+22.2 pp","value":22.224842111082324,"tone":"up","isPercent":false},"percentileLabel":"99th","percentileValue":99,"surpriseValue":58,"surpriseLabel":"58th pct move","isFresh":true,"sparkPath":"M 0.0 14.5 L 3.8 15.1 L 7.5 12.5 L 11.3 17.4 L 15.0 17.7 L 18.8 22.6 L 22.5 20.8 L 26.3 22.3 L 30.0 27.2 L 33.8 28.0 L 37.5 23.0 L 41.3 18.4 L 45.0 13.0 L 48.8 12.8 L 52.5 12.0 L 56.3 10.6 L 60.0 10.8 L 63.8 11.6 L 67.5 7.0 L 71.3 10.7 L 75.0 10.8 L 78.8 11.0 L 82.5 9.7 L 86.3 12.5 L 90.0 7.8 L 93.8 6.7 L 97.5 6.3 L 101.3 6.3 L 105.0 7.1 L 108.8 6.9 L 112.5 0.0 L 116.3 1.6 L 120.0 3.9","searchText":"nasdaq-100 vs broad market how much of the market's return is concentrated in the nasdaq-100? qqq and vti adjusted close indexed to 100 at the shared start nasdaq-vs-broad-market nasdaq vs broad market nasdaq vs market equity-factors daily qqq nasdaq-100 (qqq) vti us total market (vti) qqq vti"},{"slug":"equal-vs-cap-weight","title":"Equal-weight vs cap-weight","question":"Is market breadth narrowing, or is the average stock beating the giants?","href":"/benchmarks/equal-vs-cap-weight","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"−3.5%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"+0.5 pp","value":0.49487582616792736,"tone":"up","isPercent":false},"change1Y":{"label":"+0.3 pp","value":0.2664577352573616,"tone":"up","isPercent":false},"change5Y":{"label":"−19.7 pp","value":-19.695075295884195,"tone":"down","isPercent":false},"percentileLabel":"3rd","percentileValue":3,"surpriseValue":84,"surpriseLabel":"84th pct move","isFresh":true,"sparkPath":"M 0.0 8.1 L 3.8 7.4 L 7.5 9.7 L 11.3 6.7 L 15.0 7.2 L 18.8 3.5 L 22.5 5.6 L 26.3 4.7 L 30.0 2.1 L 33.8 0.0 L 37.5 1.9 L 41.3 7.7 L 45.0 10.2 L 48.8 11.4 L 52.5 14.0 L 56.3 12.1 L 60.0 14.8 L 63.8 15.6 L 67.5 20.5 L 71.3 18.1 L 75.0 17.9 L 78.8 19.2 L 82.5 20.7 L 86.3 17.6 L 90.0 21.2 L 93.8 22.8 L 97.5 25.0 L 101.3 26.3 L 105.0 22.9 L 108.8 22.3 L 112.5 28.0 L 116.3 25.2 L 120.0 24.0","searchText":"equal-weight vs cap-weight is market breadth narrowing, or is the average stock beating the giants? rsp and spy adjusted close indexed to 100 at the shared start equal-vs-cap-weight equal vs cap weight equal vs cap equity-factors daily rsp equal-weight s&p 500 (rsp) spy cap-weight s&p 500 (spy) rsp spy"},{"slug":"stocks-vs-bonds","title":"Stocks vs bonds","question":"How have equities compared with the core bond market and long Treasuries?","href":"/benchmarks/stocks-vs-bonds","cluster":"rates-credit","clusterLabel":"Rates and credit","frequency":"daily","source":"Yahoo Finance","latestLabel":"+342.5%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−1.9 pp","value":-1.8851898877207987,"tone":"down","isPercent":false},"change1Y":{"label":"+87.5 pp","value":87.45345686045175,"tone":"up","isPercent":false},"change5Y":{"label":"+283.6 pp","value":283.5854910154319,"tone":"up","isPercent":false},"percentileLabel":"99th","percentileValue":99,"surpriseValue":75,"surpriseLabel":"75th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 3.8 27.6 L 7.5 27.3 L 11.3 27.2 L 15.0 25.6 L 18.8 25.9 L 22.5 25.4 L 26.3 24.3 L 30.0 22.8 L 33.8 24.3 L 37.5 23.1 L 41.3 23.5 L 45.0 21.0 L 48.8 19.5 L 52.5 17.9 L 56.3 19.1 L 60.0 16.2 L 63.8 15.1 L 67.5 14.8 L 71.3 15.7 L 75.0 13.2 L 78.8 11.8 L 82.5 10.6 L 86.3 14.9 L 90.0 9.8 L 93.8 8.2 L 97.5 7.9 L 101.3 8.5 L 105.0 6.2 L 108.8 7.9 L 112.5 2.1 L 116.3 1.7 L 120.0 0.0","searchText":"stocks vs bonds how have equities compared with the core bond market and long treasuries? spy, bnd, ief, tlt adjusted close indexed to 100 at the shared start stocks-vs-bonds stocks vs bonds stocks vs 20y+ treasury rates-credit daily spy stocks (spy) bnd total bond (bnd) ief 7-10y treasury (ief) tlt 20y+ treasury (tlt) spy bnd ief tlt"},{"slug":"high-yield-vs-treasuries","title":"High yield vs Treasuries","question":"Is the market rewarding credit risk, or are investors reaching for safety?","href":"/benchmarks/high-yield-vs-treasuries","cluster":"rates-credit","clusterLabel":"Rates and credit","frequency":"daily","source":"Yahoo Finance","latestLabel":"+37.7%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.1 pp","value":-0.14570767015337083,"tone":"down","isPercent":false},"change1Y":{"label":"+5.1 pp","value":5.096891503033049,"tone":"up","isPercent":false},"change5Y":{"label":"+32.4 pp","value":32.35237937166288,"tone":"up","isPercent":false},"percentileLabel":"99th","percentileValue":99,"surpriseValue":24,"surpriseLabel":"24th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 3.8 25.3 L 7.5 27.1 L 11.3 24.9 L 15.0 24.0 L 18.8 25.7 L 22.5 24.9 L 26.3 23.3 L 30.0 21.3 L 33.8 20.3 L 37.5 18.6 L 41.3 22.6 L 45.0 17.7 L 48.8 15.0 L 52.5 13.0 L 56.3 12.7 L 60.0 10.4 L 63.8 9.1 L 67.5 10.4 L 71.3 11.1 L 75.0 7.7 L 78.8 5.8 L 82.5 3.9 L 86.3 9.2 L 90.0 4.4 L 93.8 3.6 L 97.5 4.1 L 101.3 5.5 L 105.0 2.6 L 108.8 4.1 L 112.5 1.3 L 116.3 0.8 L 120.0 0.0","searchText":"high yield vs treasuries is the market rewarding credit risk, or are investors reaching for safety? hyg and ief adjusted close indexed to 100 at the shared start high-yield-vs-treasuries high yield vs treasuries hy vs treasury rates-credit daily hyg high yield (hyg) ief 7-10y treasury (ief) hyg ief"},{"slug":"sector-relative-strength","title":"Sector relative strength vs S&P 500","question":"Which sectors are leading the market, and which are lagging?","href":"/benchmarks/sector-relative-strength","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+244.9 pp","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.2%","value":-0.1824879687171932,"tone":"down","isPercent":true},"change1Y":{"label":"+41.6%","value":41.56898970463099,"tone":"up","isPercent":true},"change5Y":{"label":"+152.0%","value":151.9652899214793,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":12,"surpriseLabel":"12th pct move","isFresh":true,"sparkPath":"M 0.0 24.6 L 3.8 25.1 L 7.5 23.3 L 11.3 24.8 L 15.0 24.5 L 18.8 27.0 L 22.5 26.5 L 26.3 26.8 L 30.0 28.0 L 33.8 27.4 L 37.5 25.9 L 41.3 25.1 L 45.0 22.2 L 48.8 22.2 L 52.5 23.3 L 56.3 20.2 L 60.0 19.4 L 63.8 19.6 L 67.5 16.2 L 71.3 17.7 L 75.0 15.8 L 78.8 14.8 L 82.5 15.4 L 86.3 19.6 L 90.0 15.5 L 93.8 12.0 L 97.5 10.5 L 101.3 11.1 L 105.0 9.4 L 108.8 10.5 L 112.5 2.2 L 116.3 1.0 L 120.0 0.0","searchText":"sector relative strength vs s&p 500 which sectors are leading the market, and which are lagging? xlk, xlf, xle, xlv, xli, xly, xlp, xlu, xlb, xlre, xlc and spy adjusted close indexed to 100 at the shared start sector-relative-strength sector relative strength sector dispersion equity-factors daily xlk technology xlf financials xle energy xlv health care xli industrials xly consumer discretionary xlp consumer staples xlu utilities xlb materials xlre real estate xlc communication services spy s&p 500 (spy) xlk xlf xle xlv xli xly xlp xlu xlb xlre xlc spy"},{"slug":"emerging-vs-developed","title":"Emerging vs developed markets","question":"Are emerging markets outperforming the developed world, or falling behind?","href":"/benchmarks/emerging-vs-developed","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"−19.2%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.5 pp","value":-0.49880448030357627,"tone":"down","isPercent":false},"change1Y":{"label":"−5.0 pp","value":-5.025042741000718,"tone":"down","isPercent":false},"change5Y":{"label":"−15.2 pp","value":-15.247737506055557,"tone":"down","isPercent":false},"percentileLabel":"1st","percentileValue":1,"surpriseValue":55,"surpriseLabel":"55th pct move","isFresh":true,"sparkPath":"M 0.0 2.5 L 3.8 1.7 L 7.5 3.1 L 11.3 0.0 L 15.0 6.0 L 18.8 7.4 L 22.5 3.4 L 26.3 0.6 L 30.0 10.5 L 33.8 8.5 L 37.5 14.7 L 41.3 19.9 L 45.0 18.1 L 48.8 16.7 L 52.5 15.8 L 56.3 22.4 L 60.0 22.1 L 63.8 22.2 L 67.5 18.0 L 71.3 18.4 L 75.0 13.0 L 78.8 14.3 L 82.5 17.2 L 86.3 16.9 L 90.0 24.7 L 93.8 18.9 L 97.5 14.8 L 101.3 15.4 L 105.0 21.6 L 108.8 24.9 L 112.5 24.5 L 116.3 26.0 L 120.0 28.0","searchText":"emerging vs developed markets are emerging markets outperforming the developed world, or falling behind? vwo and vea adjusted close indexed to 100 at the shared start emerging-vs-developed emerging vs developed emerging vs developed equity-factors daily vwo emerging markets (vwo) vea developed markets (vea) vwo vea"},{"slug":"us-dollar-effect","title":"Stocks, gold and commodities vs the dollar","question":"How do equities, gold and commodities move against a rising or falling dollar?","href":"/benchmarks/us-dollar-effect","cluster":"equity-factors","clusterLabel":"Equity factors and relative strength","frequency":"daily","source":"Yahoo Finance","latestLabel":"+648.1 pp","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−0.2%","value":-0.18757514612338655,"tone":"down","isPercent":true},"change1Y":{"label":"+22.7%","value":22.67728819368733,"tone":"up","isPercent":true},"change5Y":{"label":"+86.0%","value":86.02580773422682,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":22,"surpriseLabel":"22nd pct move","isFresh":true,"sparkPath":"M 0.0 24.3 L 3.8 24.9 L 7.5 23.0 L 11.3 24.4 L 15.0 23.8 L 18.8 27.2 L 22.5 26.9 L 26.3 26.8 L 30.0 28.0 L 33.8 27.0 L 37.5 26.3 L 41.3 25.8 L 45.0 23.2 L 48.8 22.8 L 52.5 24.8 L 56.3 21.1 L 60.0 19.5 L 63.8 19.2 L 67.5 16.4 L 71.3 16.3 L 75.0 13.9 L 78.8 11.9 L 82.5 12.0 L 86.3 16.3 L 90.0 12.6 L 93.8 9.7 L 97.5 8.0 L 101.3 8.4 L 105.0 6.1 L 108.8 7.8 L 112.5 2.3 L 116.3 1.1 L 120.0 0.0","searchText":"stocks, gold and commodities vs the dollar how do equities, gold and commodities move against a rising or falling dollar? spy, gld, dbc, uup adjusted close indexed to 100 at the shared start us-dollar-effect us dollar effect real assets vs dollar equity-factors daily spy stocks (spy) gld gold (gld) dbc commodities (dbc) uup us dollar index (uup) spy gld dbc uup"},{"slug":"sp500-futures-positioning","title":"S&P 500 futures positioning","question":"Are hedge funds net long or net short S&P 500 futures, and how does it compare with asset managers?","href":"/benchmarks/sp500-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-15.6%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.5 pp","value":-0.4943551483841322,"tone":"down","isPercent":false},"change1Y":{"label":"+1.6 pp","value":1.6295359726170364,"tone":"up","isPercent":false},"change5Y":{"label":"−9.3 pp","value":-9.27621480254636,"tone":"down","isPercent":false},"percentileLabel":"17th","percentileValue":17,"surpriseValue":25,"surpriseLabel":"25th pct move","isFresh":true,"sparkPath":"M 0.0 9.1 L 4.1 7.4 L 8.3 3.7 L 12.4 0.0 L 16.6 3.6 L 20.7 15.7 L 24.8 25.4 L 29.0 21.1 L 33.1 17.7 L 37.2 18.3 L 41.4 26.0 L 45.5 17.3 L 49.7 13.1 L 53.8 17.1 L 57.9 17.1 L 62.1 24.7 L 66.2 18.9 L 70.3 17.4 L 74.5 19.6 L 78.6 17.0 L 82.8 23.8 L 86.9 16.3 L 91.0 17.3 L 95.2 21.3 L 99.3 28.0 L 103.4 25.0 L 107.6 26.1 L 111.7 25.3 L 115.9 24.3 L 120.0 19.6","searchText":"s&p 500 futures positioning are hedge funds net long or net short s&p 500 futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % sp500-futures-positioning sp500 futures positioning divergence positioning weekly 13874+ leveraged funds 13874+#comparator asset managers sp500:leveraged sp500:assetmanager"},{"slug":"nasdaq-100-futures-positioning","title":"Nasdaq-100 futures positioning","question":"Are hedge funds net long or net short Nasdaq-100 futures, and how does it compare with asset managers?","href":"/benchmarks/nasdaq-100-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-30.1%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−6.0 pp","value":-5.997559865387913,"tone":"down","isPercent":false},"change1Y":{"label":"−24.8 pp","value":-24.813704761730698,"tone":"down","isPercent":false},"change5Y":{"label":"−13.6 pp","value":-13.572218983010021,"tone":"down","isPercent":false},"percentileLabel":"1st","percentileValue":1,"surpriseValue":84,"surpriseLabel":"84th pct move","isFresh":true,"sparkPath":"M 0.0 20.4 L 4.1 4.4 L 8.3 3.5 L 12.4 0.9 L 16.6 4.9 L 20.7 7.5 L 24.8 13.7 L 29.0 10.9 L 33.1 1.2 L 37.2 10.3 L 41.4 10.8 L 45.5 12.8 L 49.7 9.8 L 53.8 0.0 L 57.9 11.3 L 62.1 13.9 L 66.2 13.9 L 70.3 12.5 L 74.5 19.2 L 78.6 15.6 L 82.8 16.9 L 86.9 12.0 L 91.0 19.1 L 95.2 5.3 L 99.3 3.5 L 103.4 10.0 L 107.6 4.9 L 111.7 20.0 L 115.9 13.1 L 120.0 28.0","searchText":"nasdaq-100 futures positioning are hedge funds net long or net short nasdaq-100 futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % nasdaq-100-futures-positioning nasdaq 100 futures positioning divergence positioning weekly 20974+ leveraged funds 20974+#comparator asset managers nasdaq-100:leveraged nasdaq-100:assetmanager"},{"slug":"russell-2000-futures-positioning","title":"Russell 2000 futures positioning","question":"Are hedge funds net long or net short Russell 2000 futures, and how does it compare with asset managers?","href":"/benchmarks/russell-2000-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-20.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−2.5 pp","value":-2.514867737984023,"tone":"down","isPercent":false},"change1Y":{"label":"+7.0 pp","value":7.003413921004004,"tone":"up","isPercent":false},"change5Y":{"label":"−4.0 pp","value":-3.9656516807070226,"tone":"down","isPercent":false},"percentileLabel":"4th","percentileValue":4,"surpriseValue":74,"surpriseLabel":"74th pct move","isFresh":true,"sparkPath":"M 0.0 16.9 L 4.1 15.7 L 8.3 6.5 L 12.4 9.5 L 16.6 15.6 L 20.7 12.3 L 24.8 13.9 L 29.0 5.6 L 33.1 10.3 L 37.2 11.9 L 41.4 6.1 L 45.5 1.5 L 49.7 7.0 L 53.8 0.0 L 57.9 1.9 L 62.1 10.9 L 66.2 22.9 L 70.3 13.7 L 74.5 9.7 L 78.6 13.4 L 82.8 15.1 L 86.9 4.1 L 91.0 10.7 L 95.2 28.0 L 99.3 17.5 L 103.4 12.2 L 107.6 7.8 L 111.7 13.0 L 115.9 17.7 L 120.0 21.0","searchText":"russell 2000 futures positioning are hedge funds net long or net short russell 2000 futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % russell-2000-futures-positioning russell 2000 futures positioning divergence positioning weekly 239742 leveraged funds 239742#comparator asset managers russell-2000:leveraged russell-2000:assetmanager"},{"slug":"dow-futures-positioning","title":"Dow futures positioning","question":"Are hedge funds net long or net short Dow (DJIA) futures, and how does it compare with asset managers?","href":"/benchmarks/dow-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+2.0%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.4 pp","value":-0.42222093097754954,"tone":"down","isPercent":false},"change1Y":{"label":"+9.2 pp","value":9.189497012743221,"tone":"up","isPercent":false},"change5Y":{"label":"−3.0 pp","value":-2.9529981306386697,"tone":"down","isPercent":false},"percentileLabel":"26th","percentileValue":26,"surpriseValue":8,"surpriseLabel":"8th pct move","isFresh":true,"sparkPath":"M 0.0 13.8 L 4.1 4.3 L 8.3 4.6 L 12.4 9.0 L 16.6 10.7 L 20.7 9.7 L 24.8 5.2 L 29.0 13.4 L 33.1 0.0 L 37.2 8.0 L 41.4 16.3 L 45.5 14.6 L 49.7 20.3 L 53.8 23.1 L 57.9 2.7 L 62.1 4.9 L 66.2 5.7 L 70.3 12.7 L 74.5 7.7 L 78.6 14.2 L 82.8 9.8 L 86.9 12.6 L 91.0 12.3 L 95.2 16.6 L 99.3 28.0 L 103.4 26.1 L 107.6 21.2 L 111.7 21.7 L 115.9 17.6 L 120.0 11.5","searchText":"dow futures positioning are hedge funds net long or net short dow (djia) futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % dow-futures-positioning dow futures positioning divergence positioning weekly 12460+ leveraged funds 12460+#comparator asset managers dow:leveraged dow:assetmanager"},{"slug":"nikkei-futures-positioning","title":"Nikkei futures positioning","question":"Are hedge funds net long or net short Nikkei 225 futures, and how does it compare with asset managers?","href":"/benchmarks/nikkei-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+9.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−1.9 pp","value":-1.9452032378331872,"tone":"down","isPercent":false},"change1Y":{"label":"+10.0 pp","value":9.978519651056411,"tone":"up","isPercent":false},"change5Y":{"label":"−21.9 pp","value":-21.904774978319487,"tone":"down","isPercent":false},"percentileLabel":"44th","percentileValue":44,"surpriseValue":32,"surpriseLabel":"32nd pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 16.4 L 8.3 16.4 L 12.4 20.6 L 16.6 15.8 L 20.7 23.0 L 24.8 17.5 L 29.0 10.7 L 33.1 6.8 L 37.2 10.2 L 41.4 11.4 L 45.5 11.5 L 49.7 15.7 L 53.8 9.0 L 57.9 13.1 L 62.1 16.0 L 66.2 7.8 L 70.3 13.3 L 74.5 11.6 L 78.6 12.0 L 82.8 13.8 L 86.9 24.8 L 91.0 17.3 L 95.2 18.8 L 99.3 8.2 L 103.4 11.5 L 107.6 16.3 L 111.7 4.5 L 115.9 28.0 L 120.0 13.0","searchText":"nikkei futures positioning are hedge funds net long or net short nikkei 225 futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % nikkei-futures-positioning nikkei futures positioning divergence positioning weekly 240743 leveraged funds 240743#comparator asset managers nikkei:leveraged nikkei:assetmanager"},{"slug":"euro-fx-positioning","title":"Euro futures positioning","question":"Are hedge funds net long or net short the euro, and how does it compare with asset managers?","href":"/benchmarks/euro-fx-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-6.5%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+1.4 pp","value":1.426489765083172,"tone":"up","isPercent":false},"change1Y":{"label":"−10.7 pp","value":-10.706434826265951,"tone":"down","isPercent":false},"change5Y":{"label":"−0.9 pp","value":-0.930888709636517,"tone":"down","isPercent":false},"percentileLabel":"46th","percentileValue":46,"surpriseValue":51,"surpriseLabel":"51st pct move","isFresh":true,"sparkPath":"M 0.0 21.6 L 4.1 28.0 L 8.3 27.7 L 12.4 20.7 L 16.6 14.7 L 20.7 12.2 L 24.8 18.9 L 29.0 10.1 L 33.1 13.1 L 37.2 7.4 L 41.4 7.9 L 45.5 8.7 L 49.7 7.6 L 53.8 9.3 L 57.9 8.0 L 62.1 12.6 L 66.2 12.2 L 70.3 10.1 L 74.5 10.0 L 78.6 21.0 L 82.8 23.2 L 86.9 1.1 L 91.0 12.0 L 95.2 2.6 L 99.3 6.2 L 103.4 2.1 L 107.6 0.0 L 111.7 4.7 L 115.9 13.6 L 120.0 25.2","searchText":"euro futures positioning are hedge funds net long or net short the euro, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % euro-fx-positioning euro fx positioning divergence positioning weekly 099741 leveraged funds 099741#comparator asset managers euro-fx:leveraged euro-fx:assetmanager"},{"slug":"japanese-yen-positioning","title":"Japanese yen futures positioning","question":"Are hedge funds net long or net short the Japanese yen, and how does it compare with asset managers?","href":"/benchmarks/japanese-yen-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-14.5%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+9.1 pp","value":9.085708036617472,"tone":"up","isPercent":false},"change1Y":{"label":"−8.1 pp","value":-8.085968804426113,"tone":"down","isPercent":false},"change5Y":{"label":"+4.7 pp","value":4.669173472790536,"tone":"up","isPercent":false},"percentileLabel":"51st","percentileValue":51,"surpriseValue":92,"surpriseLabel":"92nd pct move","isFresh":true,"sparkPath":"M 0.0 20.4 L 4.1 19.9 L 8.3 14.8 L 12.4 21.6 L 16.6 24.3 L 20.7 19.8 L 24.8 8.8 L 29.0 12.6 L 33.1 14.3 L 37.2 20.7 L 41.4 20.6 L 45.5 24.3 L 49.7 16.2 L 53.8 24.6 L 57.9 19.4 L 62.1 25.1 L 66.2 28.0 L 70.3 21.0 L 74.5 7.8 L 78.6 13.1 L 82.8 18.4 L 86.9 2.8 L 91.0 0.0 L 95.2 10.9 L 99.3 20.4 L 103.4 21.0 L 107.6 18.6 L 111.7 18.1 L 115.9 20.7 L 120.0 17.4","searchText":"japanese yen futures positioning are hedge funds net long or net short the japanese yen, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % japanese-yen-positioning japanese yen positioning divergence positioning weekly 097741 leveraged funds 097741#comparator asset managers japanese-yen:leveraged japanese-yen:assetmanager"},{"slug":"british-pound-positioning","title":"British pound futures positioning","question":"Are hedge funds net long or net short the British pound, and how does it compare with asset managers?","href":"/benchmarks/british-pound-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+15.5%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+0.1 pp","value":0.11395799294530562,"tone":"up","isPercent":false},"change1Y":{"label":"−3.9 pp","value":-3.8984140748561664,"tone":"down","isPercent":false},"change5Y":{"label":"+9.2 pp","value":9.247918048255954,"tone":"up","isPercent":false},"percentileLabel":"72nd","percentileValue":72,"surpriseValue":2,"surpriseLabel":"2nd pct move","isFresh":true,"sparkPath":"M 0.0 15.3 L 4.1 20.5 L 8.3 28.0 L 12.4 22.3 L 16.6 19.0 L 20.7 15.1 L 24.8 9.4 L 29.0 22.7 L 33.1 21.1 L 37.2 13.9 L 41.4 26.6 L 45.5 15.1 L 49.7 8.9 L 53.8 18.5 L 57.9 10.9 L 62.1 10.3 L 66.2 24.7 L 70.3 0.0 L 74.5 3.5 L 78.6 4.4 L 82.8 15.8 L 86.9 2.5 L 91.0 9.8 L 95.2 7.7 L 99.3 12.1 L 103.4 22.1 L 107.6 8.0 L 111.7 16.3 L 115.9 19.4 L 120.0 10.9","searchText":"british pound futures positioning are hedge funds net long or net short the british pound, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % british-pound-positioning british pound positioning divergence positioning weekly 096742 leveraged funds 096742#comparator asset managers british-pound:leveraged british-pound:assetmanager"},{"slug":"swiss-franc-positioning","title":"Swiss franc futures positioning","question":"Are hedge funds net long or net short the Swiss franc, and how does it compare with asset managers?","href":"/benchmarks/swiss-franc-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-9.2%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.6 pp","value":-0.5849104522272075,"tone":"down","isPercent":false},"change1Y":{"label":"−4.5 pp","value":-4.549766130621776,"tone":"down","isPercent":false},"change5Y":{"label":"−39.2 pp","value":-39.23408810056997,"tone":"down","isPercent":false},"percentileLabel":"34th","percentileValue":34,"surpriseValue":10,"surpriseLabel":"10th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 22.7 L 8.3 15.2 L 12.4 21.4 L 16.6 17.4 L 20.7 16.1 L 24.8 9.1 L 29.0 20.4 L 33.1 13.9 L 37.2 12.2 L 41.4 17.4 L 45.5 15.7 L 49.7 9.4 L 53.8 16.1 L 57.9 13.7 L 62.1 15.6 L 66.2 20.5 L 70.3 25.1 L 74.5 17.7 L 78.6 22.1 L 82.8 22.4 L 86.9 28.0 L 91.0 14.8 L 95.2 16.3 L 99.3 14.1 L 103.4 15.1 L 107.6 14.2 L 111.7 15.8 L 115.9 18.4 L 120.0 18.8","searchText":"swiss franc futures positioning are hedge funds net long or net short the swiss franc, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % swiss-franc-positioning swiss franc positioning divergence positioning weekly 092741 leveraged funds 092741#comparator asset managers swiss-franc:leveraged swiss-franc:assetmanager"},{"slug":"australian-dollar-positioning","title":"Australian dollar futures positioning","question":"Are hedge funds net long or net short the Australian dollar, and how does it compare with asset managers?","href":"/benchmarks/australian-dollar-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+16.9%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+4.9 pp","value":4.879032620662548,"tone":"up","isPercent":false},"change1Y":{"label":"+23.3 pp","value":23.282526942953325,"tone":"up","isPercent":false},"change5Y":{"label":"+2.2 pp","value":2.1649969314058595,"tone":"up","isPercent":false},"percentileLabel":"65th","percentileValue":65,"surpriseValue":71,"surpriseLabel":"71st pct move","isFresh":true,"sparkPath":"M 0.0 9.5 L 4.1 28.0 L 8.3 18.2 L 12.4 22.5 L 16.6 15.0 L 20.7 18.9 L 24.8 17.4 L 29.0 22.3 L 33.1 17.0 L 37.2 9.3 L 41.4 15.6 L 45.5 12.4 L 49.7 13.0 L 53.8 15.4 L 57.9 11.0 L 62.1 21.0 L 66.2 18.9 L 70.3 14.2 L 74.5 14.1 L 78.6 13.3 L 82.8 25.7 L 86.9 23.2 L 91.0 18.6 L 95.2 17.0 L 99.3 14.6 L 103.4 10.4 L 107.6 0.0 L 111.7 5.1 L 115.9 6.4 L 120.0 4.9","searchText":"australian dollar futures positioning are hedge funds net long or net short the australian dollar, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % australian-dollar-positioning australian dollar positioning divergence positioning weekly 232741 leveraged funds 232741#comparator asset managers australian-dollar:leveraged australian-dollar:assetmanager"},{"slug":"canadian-dollar-positioning","title":"Canadian dollar futures positioning","question":"Are hedge funds net long or net short the Canadian dollar, and how does it compare with asset managers?","href":"/benchmarks/canadian-dollar-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-27.9%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.4 pp","value":-0.35047511459760017,"tone":"down","isPercent":false},"change1Y":{"label":"−14.0 pp","value":-13.95679957235592,"tone":"down","isPercent":false},"change5Y":{"label":"−35.8 pp","value":-35.842442608406756,"tone":"down","isPercent":false},"percentileLabel":"12th","percentileValue":12,"surpriseValue":7,"surpriseLabel":"7th pct move","isFresh":true,"sparkPath":"M 0.0 2.8 L 4.1 14.6 L 8.3 20.1 L 12.4 13.7 L 16.6 0.0 L 20.7 10.8 L 24.8 2.9 L 29.0 15.4 L 33.1 12.6 L 37.2 1.6 L 41.4 12.1 L 45.5 10.0 L 49.7 4.7 L 53.8 20.4 L 57.9 20.4 L 62.1 12.9 L 66.2 24.3 L 70.3 25.6 L 74.5 20.9 L 78.6 23.8 L 82.8 24.9 L 86.9 19.2 L 91.0 19.1 L 95.2 16.4 L 99.3 19.6 L 103.4 28.0 L 107.6 23.7 L 111.7 23.6 L 115.9 15.9 L 120.0 26.8","searchText":"canadian dollar futures positioning are hedge funds net long or net short the canadian dollar, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % canadian-dollar-positioning canadian dollar positioning divergence positioning weekly 090741 leveraged funds 090741#comparator asset managers canadian-dollar:leveraged canadian-dollar:assetmanager"},{"slug":"new-zealand-dollar-positioning","title":"New Zealand dollar futures positioning","question":"Are hedge funds net long or net short the New Zealand dollar, and how does it compare with asset managers?","href":"/benchmarks/new-zealand-dollar-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-29.7%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−1.2 pp","value":-1.1605632860759805,"tone":"down","isPercent":false},"change1Y":{"label":"−15.6 pp","value":-15.6284809886423,"tone":"down","isPercent":false},"change5Y":{"label":"−45.4 pp","value":-45.44242033307398,"tone":"down","isPercent":false},"percentileLabel":"5th","percentileValue":5,"surpriseValue":17,"surpriseLabel":"17th pct move","isFresh":true,"sparkPath":"M 0.0 7.7 L 4.1 6.0 L 8.3 12.5 L 12.4 13.6 L 16.6 8.1 L 20.7 9.8 L 24.8 15.5 L 29.0 9.3 L 33.1 14.7 L 37.2 5.6 L 41.4 9.9 L 45.5 11.1 L 49.7 11.0 L 53.8 14.9 L 57.9 12.6 L 62.1 12.4 L 66.2 8.6 L 70.3 0.0 L 74.5 5.8 L 78.6 14.4 L 82.8 24.0 L 86.9 19.6 L 91.0 19.5 L 95.2 20.5 L 99.3 10.0 L 103.4 17.0 L 107.6 20.9 L 111.7 23.9 L 115.9 21.6 L 120.0 28.0","searchText":"new zealand dollar futures positioning are hedge funds net long or net short the new zealand dollar, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % new-zealand-dollar-positioning new zealand dollar positioning divergence positioning weekly 112741 leveraged funds 112741#comparator asset managers new-zealand-dollar:leveraged new-zealand-dollar:assetmanager"},{"slug":"mexican-peso-positioning","title":"Mexican peso futures positioning","question":"Are hedge funds net long or net short the Mexican peso, and how does it compare with asset managers?","href":"/benchmarks/mexican-peso-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+31.2%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.6 pp","value":-0.6104110636862856,"tone":"down","isPercent":false},"change1Y":{"label":"+21.1 pp","value":21.112047886270418,"tone":"up","isPercent":false},"change5Y":{"label":"+3.9 pp","value":3.900941457140668,"tone":"up","isPercent":false},"percentileLabel":"84th","percentileValue":84,"surpriseValue":14,"surpriseLabel":"14th pct move","isFresh":true,"sparkPath":"M 0.0 5.9 L 4.1 8.7 L 8.3 23.1 L 12.4 19.0 L 16.6 5.4 L 20.7 6.6 L 24.8 12.0 L 29.0 5.2 L 33.1 1.9 L 37.2 9.7 L 41.4 18.7 L 45.5 9.3 L 49.7 9.9 L 53.8 14.8 L 57.9 11.2 L 62.1 10.6 L 66.2 7.1 L 70.3 15.0 L 74.5 24.3 L 78.6 25.3 L 82.8 28.0 L 86.9 17.9 L 91.0 24.4 L 95.2 13.9 L 99.3 6.3 L 103.4 3.0 L 107.6 7.2 L 111.7 3.6 L 115.9 8.8 L 120.0 0.0","searchText":"mexican peso futures positioning are hedge funds net long or net short the mexican peso, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % mexican-peso-positioning mexican peso positioning divergence positioning weekly 095741 leveraged funds 095741#comparator asset managers mexican-peso:leveraged mexican-peso:assetmanager"},{"slug":"us-dollar-index-positioning","title":"US Dollar Index futures positioning","question":"Are hedge funds net long or net short the US dollar, and how does it compare with asset managers?","href":"/benchmarks/us-dollar-index-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+7.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+10.1 pp","value":10.128517395841644,"tone":"up","isPercent":false},"change1Y":{"label":"+27.5 pp","value":27.52376017943176,"tone":"up","isPercent":false},"change5Y":{"label":"+2.7 pp","value":2.7453492368855876,"tone":"up","isPercent":false},"percentileLabel":"71st","percentileValue":71,"surpriseValue":84,"surpriseLabel":"84th pct move","isFresh":true,"sparkPath":"M 0.0 9.7 L 4.1 6.7 L 8.3 9.5 L 12.4 7.3 L 16.6 15.7 L 20.7 11.9 L 24.8 8.1 L 29.0 15.2 L 33.1 18.5 L 37.2 18.1 L 41.4 5.1 L 45.5 6.4 L 49.7 19.3 L 53.8 6.6 L 57.9 12.3 L 62.1 19.6 L 66.2 24.8 L 70.3 2.2 L 74.5 9.7 L 78.6 27.2 L 82.8 11.2 L 86.9 9.3 L 91.0 0.0 L 95.2 18.3 L 99.3 22.2 L 103.4 28.0 L 107.6 8.4 L 111.7 14.7 L 115.9 12.8 L 120.0 9.1","searchText":"us dollar index futures positioning are hedge funds net long or net short the us dollar, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % us-dollar-index-positioning us dollar index positioning divergence positioning weekly 098662 leveraged funds 098662#comparator asset managers us-dollar-index:leveraged us-dollar-index:assetmanager"},{"slug":"2y-treasury-positioning","title":"2-year Treasury futures positioning","question":"Are hedge funds net long or net short 2-year Treasury futures, and how does it compare with asset managers?","href":"/benchmarks/2y-treasury-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-30.3%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+5.2 pp","value":5.178859892749582,"tone":"up","isPercent":false},"change1Y":{"label":"+15.9 pp","value":15.856946768304812,"tone":"up","isPercent":false},"change5Y":{"label":"−18.6 pp","value":-18.64488070308187,"tone":"down","isPercent":false},"percentileLabel":"25th","percentileValue":25,"surpriseValue":93,"surpriseLabel":"93rd pct move","isFresh":true,"sparkPath":"M 0.0 10.4 L 4.1 4.3 L 8.3 0.0 L 12.4 6.4 L 16.6 7.4 L 20.7 4.9 L 24.8 10.8 L 29.0 20.0 L 33.1 19.8 L 37.2 17.1 L 41.4 18.3 L 45.5 20.8 L 49.7 21.0 L 53.8 21.8 L 57.9 21.1 L 62.1 20.6 L 66.2 24.2 L 70.3 26.1 L 74.5 26.5 L 78.6 28.0 L 82.8 26.2 L 86.9 24.4 L 91.0 24.4 L 95.2 24.6 L 99.3 24.2 L 103.4 25.4 L 107.6 24.2 L 111.7 23.9 L 115.9 22.2 L 120.0 18.7","searchText":"2-year treasury futures positioning are hedge funds net long or net short 2-year treasury futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % 2y-treasury-positioning 2y treasury positioning divergence positioning weekly 042601 leveraged funds 042601#comparator asset managers 2y-treasury:leveraged 2y-treasury:assetmanager"},{"slug":"5y-treasury-positioning","title":"5-year Treasury futures positioning","question":"Are hedge funds net long or net short 5-year Treasury futures, and how does it compare with asset managers?","href":"/benchmarks/5y-treasury-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-34.7%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.6 pp","value":-0.6112156324312608,"tone":"down","isPercent":false},"change1Y":{"label":"+11.8 pp","value":11.81293348707127,"tone":"up","isPercent":false},"change5Y":{"label":"−21.0 pp","value":-20.961786959957283,"tone":"down","isPercent":false},"percentileLabel":"14th","percentileValue":14,"surpriseValue":29,"surpriseLabel":"29th pct move","isFresh":true,"sparkPath":"M 0.0 2.4 L 4.1 3.5 L 8.3 8.9 L 12.4 8.3 L 16.6 5.6 L 20.7 0.0 L 24.8 4.1 L 29.0 5.9 L 33.1 9.0 L 37.2 9.9 L 41.4 14.3 L 45.5 13.1 L 49.7 14.1 L 53.8 15.7 L 57.9 15.6 L 62.1 16.0 L 66.2 20.8 L 70.3 22.6 L 74.5 26.0 L 78.6 24.1 L 82.8 22.8 L 86.9 28.0 L 91.0 27.8 L 95.2 24.9 L 99.3 25.6 L 103.4 28.0 L 107.6 23.8 L 111.7 19.4 L 115.9 18.0 L 120.0 17.4","searchText":"5-year treasury futures positioning are hedge funds net long or net short 5-year treasury futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % 5y-treasury-positioning 5y treasury positioning divergence positioning weekly 044601 leveraged funds 044601#comparator asset managers 5y-treasury:leveraged 5y-treasury:assetmanager"},{"slug":"10y-treasury-positioning","title":"10-year Treasury futures positioning","question":"Are hedge funds net long or net short 10-year Treasury futures, and how does it compare with asset managers?","href":"/benchmarks/10y-treasury-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-42.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−1.8 pp","value":-1.8121486719933273,"tone":"down","isPercent":false},"change1Y":{"label":"+1.4 pp","value":1.429093652892199,"tone":"up","isPercent":false},"change5Y":{"label":"−52.2 pp","value":-52.17197868658979,"tone":"down","isPercent":false},"percentileLabel":"2nd","percentileValue":2,"surpriseValue":60,"surpriseLabel":"60th pct move","isFresh":true,"sparkPath":"M 0.0 2.7 L 4.1 0.0 L 8.3 4.7 L 12.4 2.3 L 16.6 2.1 L 20.7 4.5 L 24.8 12.4 L 29.0 14.5 L 33.1 16.8 L 37.2 16.0 L 41.4 21.8 L 45.5 19.5 L 49.7 20.9 L 53.8 21.5 L 57.9 22.7 L 62.1 20.4 L 66.2 20.0 L 70.3 22.8 L 74.5 26.9 L 78.6 23.6 L 82.8 22.1 L 86.9 22.9 L 91.0 26.5 L 95.2 28.0 L 99.3 27.5 L 103.4 26.8 L 107.6 24.6 L 111.7 25.5 L 115.9 25.6 L 120.0 27.3","searchText":"10-year treasury futures positioning are hedge funds net long or net short 10-year treasury futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % 10y-treasury-positioning 10y treasury positioning divergence positioning weekly 043602 leveraged funds 043602#comparator asset managers 10y-treasury:leveraged 10y-treasury:assetmanager"},{"slug":"ultra-10y-treasury-positioning","title":"Ultra-10Y Treasury futures positioning","question":"Are hedge funds net long or net short Ultra-10Y Treasury futures, and how does it compare with asset managers?","href":"/benchmarks/ultra-10y-treasury-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-16.7%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.5 pp","value":-0.5302184925798272,"tone":"down","isPercent":false},"change1Y":{"label":"−0.4 pp","value":-0.4495926706154769,"tone":"down","isPercent":false},"change5Y":{"label":"−26.4 pp","value":-26.417092133798942,"tone":"down","isPercent":false},"percentileLabel":"3rd","percentileValue":3,"surpriseValue":24,"surpriseLabel":"24th pct move","isFresh":true,"sparkPath":"M 0.0 6.2 L 4.1 0.0 L 8.3 1.8 L 12.4 3.1 L 16.6 10.9 L 20.7 13.5 L 24.8 15.8 L 29.0 17.2 L 33.1 20.0 L 37.2 21.9 L 41.4 26.0 L 45.5 23.5 L 49.7 23.6 L 53.8 28.0 L 57.9 18.4 L 62.1 20.4 L 66.2 20.6 L 70.3 20.0 L 74.5 16.1 L 78.6 22.0 L 82.8 23.1 L 86.9 23.6 L 91.0 26.9 L 95.2 26.2 L 99.3 27.4 L 103.4 28.0 L 107.6 21.5 L 111.7 22.9 L 115.9 20.9 L 120.0 26.5","searchText":"ultra-10y treasury futures positioning are hedge funds net long or net short ultra-10y treasury futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % ultra-10y-treasury-positioning ultra 10y treasury positioning divergence positioning weekly 043607 leveraged funds 043607#comparator asset managers ultra-10y-treasury:leveraged ultra-10y-treasury:assetmanager"},{"slug":"30y-treasury-positioning","title":"30-year Treasury futures positioning","question":"Are hedge funds net long or net short 30-year Treasury bond futures, and how does it compare with asset managers?","href":"/benchmarks/30y-treasury-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-20.1%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+0.8 pp","value":0.8246677624591072,"tone":"up","isPercent":false},"change1Y":{"label":"+1.6 pp","value":1.5801975578105036,"tone":"up","isPercent":false},"change5Y":{"label":"−1.0 pp","value":-1.0166088172247463,"tone":"down","isPercent":false},"percentileLabel":"27th","percentileValue":27,"surpriseValue":36,"surpriseLabel":"36th pct move","isFresh":true,"sparkPath":"M 0.0 8.9 L 4.1 2.5 L 8.3 15.0 L 12.4 5.3 L 16.6 3.5 L 20.7 9.6 L 24.8 7.9 L 29.0 8.5 L 33.1 17.6 L 37.2 15.7 L 41.4 13.1 L 45.5 17.3 L 49.7 28.0 L 53.8 15.5 L 57.9 21.0 L 62.1 15.5 L 66.2 11.6 L 70.3 19.2 L 74.5 26.0 L 78.6 18.4 L 82.8 12.6 L 86.9 18.6 L 91.0 18.5 L 95.2 11.9 L 99.3 10.5 L 103.4 10.2 L 107.6 8.6 L 111.7 0.0 L 115.9 5.2 L 120.0 10.1","searchText":"30-year treasury futures positioning are hedge funds net long or net short 30-year treasury bond futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % 30y-treasury-positioning 30y treasury positioning divergence positioning weekly 020601 leveraged funds 020601#comparator asset managers 30y-treasury:leveraged 30y-treasury:assetmanager"},{"slug":"sofr-positioning","title":"SOFR futures positioning","question":"Are hedge funds net long or net short 3-month SOFR futures, and how does it compare with asset managers?","href":"/benchmarks/sofr-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-19.3%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.2 pp","value":-0.22779406288829307,"tone":"down","isPercent":false},"change1Y":{"label":"−10.3 pp","value":-10.272509481292252,"tone":"down","isPercent":false},"change5Y":{"label":"−19.2 pp","value":-19.159851177595037,"tone":"down","isPercent":false},"percentileLabel":"2nd","percentileValue":2,"surpriseValue":9,"surpriseLabel":"9th pct move","isFresh":true,"sparkPath":"M 0.0 16.5 L 4.1 16.3 L 8.3 24.1 L 12.4 23.9 L 16.6 14.6 L 20.7 13.9 L 24.8 21.8 L 29.0 13.4 L 33.1 9.0 L 37.2 14.4 L 41.4 11.7 L 45.5 5.3 L 49.7 4.4 L 53.8 1.5 L 57.9 0.0 L 62.1 2.0 L 66.2 10.5 L 70.3 9.5 L 74.5 3.7 L 78.6 10.4 L 82.8 15.6 L 86.9 19.5 L 91.0 20.7 L 95.2 18.7 L 99.3 14.7 L 103.4 14.2 L 107.6 17.1 L 111.7 16.4 L 115.9 25.9 L 120.0 28.0","searchText":"sofr futures positioning are hedge funds net long or net short 3-month sofr futures, and how does it compare with asset managers? ((leveraged funds long − short) / open interest) × 100, in % sofr-positioning sofr positioning divergence positioning weekly 134741 leveraged funds 134741#comparator asset managers sofr:leveraged sofr:assetmanager"},{"slug":"gold-positioning","title":"Gold futures positioning","question":"Are hedge funds net long or net short gold, and how does it compare with producers/merchants?","href":"/benchmarks/gold-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+35.2%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+4.0 pp","value":4.046927121666126,"tone":"up","isPercent":false},"change1Y":{"label":"+0.9 pp","value":0.9484325049386797,"tone":"up","isPercent":false},"change5Y":{"label":"+16.7 pp","value":16.68941143843911,"tone":"up","isPercent":false},"percentileLabel":"85th","percentileValue":85,"surpriseValue":79,"surpriseLabel":"79th pct move","isFresh":true,"sparkPath":"M 0.0 15.6 L 4.1 15.8 L 8.3 14.4 L 12.4 9.4 L 16.6 14.2 L 20.7 18.5 L 24.8 21.3 L 29.0 28.0 L 33.1 15.7 L 37.2 20.9 L 41.4 10.2 L 45.5 12.8 L 49.7 18.2 L 53.8 15.0 L 57.9 12.8 L 62.1 7.1 L 66.2 6.3 L 70.3 6.1 L 74.5 0.0 L 78.6 0.5 L 82.8 1.4 L 86.9 6.1 L 91.0 5.3 L 95.2 2.7 L 99.3 7.1 L 103.4 6.0 L 107.6 9.4 L 111.7 7.4 L 115.9 3.1 L 120.0 2.1","searchText":"gold futures positioning are hedge funds net long or net short gold, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % gold-positioning gold positioning divergence positioning weekly 088691 managed money 088691#comparator producers/merchants gold:managedmoney gold:producermerchant"},{"slug":"copper-positioning","title":"Copper futures positioning","question":"Are hedge funds net long or net short copper, and how does it compare with producers/merchants?","href":"/benchmarks/copper-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+26.2%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+2.5 pp","value":2.5002150364380924,"tone":"up","isPercent":false},"change1Y":{"label":"+17.0 pp","value":16.958274634115277,"tone":"up","isPercent":false},"change5Y":{"label":"+7.9 pp","value":7.868582326552481,"tone":"up","isPercent":false},"percentileLabel":"91st","percentileValue":91,"surpriseValue":53,"surpriseLabel":"53rd pct move","isFresh":true,"sparkPath":"M 0.0 12.6 L 4.1 3.0 L 8.3 14.7 L 12.4 8.0 L 16.6 18.1 L 20.7 28.0 L 24.8 22.3 L 29.0 16.8 L 33.1 15.6 L 37.2 19.1 L 41.4 24.4 L 45.5 17.6 L 49.7 19.9 L 53.8 22.7 L 57.9 26.8 L 62.1 11.0 L 66.2 2.2 L 70.3 13.0 L 74.5 9.0 L 78.6 15.6 L 82.8 14.0 L 86.9 9.3 L 91.0 11.4 L 95.2 12.5 L 99.3 3.7 L 103.4 0.0 L 107.6 5.0 L 111.7 4.5 L 115.9 1.7 L 120.0 1.3","searchText":"copper futures positioning are hedge funds net long or net short copper, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % copper-positioning copper positioning divergence positioning weekly 085692 managed money 085692#comparator producers/merchants copper:managedmoney copper:producermerchant"},{"slug":"wti-positioning","title":"WTI crude oil futures positioning","question":"Are hedge funds net long or net short WTI crude oil, and how does it compare with producers/merchants?","href":"/benchmarks/wti-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+4.6%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−0.4 pp","value":-0.38876979887194096,"tone":"down","isPercent":false},"change1Y":{"label":"+0.6 pp","value":0.6146072014577131,"tone":"up","isPercent":false},"change5Y":{"label":"−6.6 pp","value":-6.641489940604618,"tone":"down","isPercent":false},"percentileLabel":"9th","percentileValue":9,"surpriseValue":26,"surpriseLabel":"26th pct move","isFresh":true,"sparkPath":"M 0.0 5.5 L 4.1 1.9 L 8.3 5.9 L 12.4 6.1 L 16.6 3.6 L 20.7 1.9 L 24.8 8.4 L 29.0 5.6 L 33.1 9.4 L 37.2 11.4 L 41.4 12.4 L 45.5 14.2 L 49.7 0.0 L 53.8 15.6 L 57.9 18.4 L 62.1 4.9 L 66.2 10.2 L 70.3 4.1 L 74.5 10.4 L 78.6 15.5 L 82.8 7.2 L 86.9 16.5 L 91.0 13.5 L 95.2 19.3 L 99.3 28.0 L 103.4 25.8 L 107.6 19.6 L 111.7 18.0 L 115.9 17.9 L 120.0 18.2","searchText":"wti crude oil futures positioning are hedge funds net long or net short wti crude oil, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % wti-positioning wti positioning divergence positioning weekly 067651 managed money 067651#comparator producers/merchants wti:managedmoney wti:producermerchant"},{"slug":"natural-gas-positioning","title":"Natural gas futures positioning","question":"Are hedge funds net long or net short natural gas, and how does it compare with producers/merchants?","href":"/benchmarks/natural-gas-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-7.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−1.1 pp","value":-1.113150863677566,"tone":"down","isPercent":false},"change1Y":{"label":"−5.7 pp","value":-5.719572873628341,"tone":"down","isPercent":false},"change5Y":{"label":"−12.8 pp","value":-12.793962863046302,"tone":"down","isPercent":false},"percentileLabel":"28th","percentileValue":28,"surpriseValue":50,"surpriseLabel":"50th pct move","isFresh":true,"sparkPath":"M 0.0 0.2 L 4.1 7.6 L 8.3 17.2 L 12.4 8.7 L 16.6 2.6 L 20.7 21.1 L 24.8 22.0 L 29.0 28.0 L 33.1 27.0 L 37.2 15.5 L 41.4 18.7 L 45.5 6.2 L 49.7 14.4 L 53.8 22.3 L 57.9 9.7 L 62.1 22.6 L 66.2 5.8 L 70.3 18.0 L 74.5 10.6 L 78.6 18.0 L 82.8 0.0 L 86.9 4.6 L 91.0 17.4 L 95.2 12.9 L 99.3 13.7 L 103.4 13.6 L 107.6 9.8 L 111.7 26.8 L 115.9 21.6 L 120.0 27.4","searchText":"natural gas futures positioning are hedge funds net long or net short natural gas, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % natural-gas-positioning natural gas positioning divergence positioning weekly 023651 managed money 023651#comparator producers/merchants natural-gas:managedmoney natural-gas:producermerchant"},{"slug":"silver-futures-positioning","title":"Silver futures positioning","question":"Are hedge funds net long or net short silver, and how does it compare with producers/merchants?","href":"/benchmarks/silver-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+10.7%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+2.1 pp","value":2.0872631756762114,"tone":"up","isPercent":false},"change1Y":{"label":"−7.8 pp","value":-7.802340574491341,"tone":"down","isPercent":false},"change5Y":{"label":"−6.7 pp","value":-6.689609606414264,"tone":"down","isPercent":false},"percentileLabel":"36th","percentileValue":36,"surpriseValue":50,"surpriseLabel":"50th pct move","isFresh":true,"sparkPath":"M 0.0 14.3 L 4.1 9.7 L 8.3 13.5 L 12.4 8.4 L 16.6 6.8 L 20.7 18.0 L 24.8 28.0 L 29.0 20.8 L 33.1 4.9 L 37.2 27.0 L 41.4 7.2 L 45.5 15.4 L 49.7 18.0 L 53.8 15.2 L 57.9 15.3 L 62.1 2.9 L 66.2 6.0 L 70.3 8.1 L 74.5 0.0 L 78.6 7.4 L 82.8 8.3 L 86.9 3.0 L 91.0 0.8 L 95.2 6.5 L 99.3 7.8 L 103.4 7.7 L 107.6 16.2 L 111.7 12.2 L 115.9 10.7 L 120.0 11.5","searchText":"silver futures positioning are hedge funds net long or net short silver, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % silver-futures-positioning silver futures positioning divergence positioning weekly 084691 managed money 084691#comparator producers/merchants silver:managedmoney silver:producermerchant"},{"slug":"corn-futures-positioning","title":"Corn futures positioning","question":"Are hedge funds net long or net short corn, and how does it compare with producers/merchants?","href":"/benchmarks/corn-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+8.2%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+0.9 pp","value":0.9171662894275041,"tone":"up","isPercent":false},"change1Y":{"label":"+16.6 pp","value":16.61496505000511,"tone":"up","isPercent":false},"change5Y":{"label":"−8.3 pp","value":-8.280256188542468,"tone":"down","isPercent":false},"percentileLabel":"58th","percentileValue":58,"surpriseValue":34,"surpriseLabel":"34th pct move","isFresh":true,"sparkPath":"M 0.0 3.1 L 4.1 5.4 L 8.3 0.0 L 12.4 1.0 L 16.6 0.9 L 20.7 4.9 L 24.8 4.7 L 29.0 3.7 L 33.1 4.6 L 37.2 14.1 L 41.4 20.0 L 45.5 17.7 L 49.7 21.7 L 53.8 22.4 L 57.9 26.2 L 62.1 24.7 L 66.2 19.6 L 70.3 28.0 L 74.5 20.9 L 78.6 11.4 L 82.8 3.9 L 86.9 10.6 L 91.0 19.9 L 95.2 20.1 L 99.3 20.2 L 103.4 14.1 L 107.6 16.9 L 111.7 9.6 L 115.9 16.4 L 120.0 9.7","searchText":"corn futures positioning are hedge funds net long or net short corn, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % corn-futures-positioning corn futures positioning divergence positioning weekly 002602 managed money 002602#comparator producers/merchants corn:managedmoney corn:producermerchant"},{"slug":"wheat-futures-positioning","title":"Wheat futures positioning","question":"Are hedge funds net long or net short wheat, and how does it compare with producers/merchants?","href":"/benchmarks/wheat-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-5.3%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−3.6 pp","value":-3.572055795737982,"tone":"down","isPercent":false},"change1Y":{"label":"+11.5 pp","value":11.455283709346032,"tone":"up","isPercent":false},"change5Y":{"label":"−8.7 pp","value":-8.664681484310584,"tone":"down","isPercent":false},"percentileLabel":"57th","percentileValue":57,"surpriseValue":80,"surpriseLabel":"80th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 7.8 L 8.3 6.8 L 12.4 7.9 L 16.6 0.8 L 20.7 4.4 L 24.8 10.2 L 29.0 12.2 L 33.1 15.8 L 37.2 25.1 L 41.4 28.0 L 45.5 17.5 L 49.7 20.8 L 53.8 20.5 L 57.9 18.2 L 62.1 18.7 L 66.2 9.0 L 70.3 16.9 L 74.5 10.3 L 78.6 14.9 L 82.8 19.9 L 86.9 19.2 L 91.0 18.8 L 95.2 16.4 L 99.3 18.3 L 103.4 12.6 L 107.6 16.2 L 111.7 5.0 L 115.9 15.5 L 120.0 8.0","searchText":"wheat futures positioning are hedge funds net long or net short wheat, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % wheat-futures-positioning wheat futures positioning divergence positioning weekly 001602 managed money 001602#comparator producers/merchants wheat:managedmoney wheat:producermerchant"},{"slug":"soybeans-futures-positioning","title":"Soybeans futures positioning","question":"Are hedge funds net long or net short soybeans, and how does it compare with producers/merchants?","href":"/benchmarks/soybeans-futures-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"+13.4%","latestUnit":"% of open interest","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−2.4 pp","value":-2.350821462391419,"tone":"down","isPercent":false},"change1Y":{"label":"+19.7 pp","value":19.670127166439645,"tone":"up","isPercent":false},"change5Y":{"label":"+2.3 pp","value":2.250104140476175,"tone":"up","isPercent":false},"percentileLabel":"56th","percentileValue":56,"surpriseValue":65,"surpriseLabel":"65th pct move","isFresh":true,"sparkPath":"M 0.0 6.1 L 4.1 13.6 L 8.3 7.8 L 12.4 1.9 L 16.6 0.5 L 20.7 3.1 L 24.8 4.1 L 29.0 3.9 L 33.1 0.0 L 37.2 0.8 L 41.4 9.9 L 45.5 6.4 L 49.7 9.2 L 53.8 6.8 L 57.9 22.2 L 62.1 26.2 L 66.2 16.4 L 70.3 28.0 L 74.5 20.5 L 78.6 19.0 L 82.8 9.6 L 86.9 15.2 L 91.0 12.4 L 95.2 18.9 L 99.3 14.7 L 103.4 2.1 L 107.6 7.1 L 111.7 4.3 L 115.9 11.6 L 120.0 6.5","searchText":"soybeans futures positioning are hedge funds net long or net short soybeans, and how does it compare with producers/merchants? ((managed money long − short) / open interest) × 100, in % soybeans-futures-positioning soybeans futures positioning divergence positioning weekly 005602 managed money 005602#comparator producers/merchants soybeans:managedmoney soybeans:producermerchant"},{"slug":"cross-asset-speculative-crowding","title":"Cross-asset speculative crowding","question":"How crowded is speculative positioning across equity, FX, rates and commodity futures simultaneously?","href":"/benchmarks/cross-asset-speculative-crowding","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"54.47","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+5.6%","value":5.5849578150462875,"tone":"up","isPercent":true},"change1Y":{"label":"−4.1%","value":-4.143676931783846,"tone":"down","isPercent":true},"change5Y":{"label":"+14.0%","value":13.950832272668867,"tone":"up","isPercent":true},"percentileLabel":"54th","percentileValue":54,"surpriseValue":60,"surpriseLabel":"60th pct move","isFresh":true,"sparkPath":"M 0.0 8.9 L 4.1 24.0 L 8.3 28.0 L 12.4 21.5 L 16.6 22.4 L 20.7 15.9 L 24.8 15.7 L 29.0 17.3 L 33.1 13.5 L 37.2 17.6 L 41.4 9.3 L 45.5 15.9 L 49.7 12.8 L 53.8 1.7 L 57.9 11.8 L 62.1 10.0 L 66.2 1.7 L 70.3 9.0 L 74.5 8.3 L 78.6 8.7 L 82.8 12.4 L 86.9 0.0 L 91.0 8.6 L 95.2 3.8 L 99.3 2.2 L 103.4 5.5 L 107.6 14.0 L 111.7 6.1 L 115.9 22.4 L 120.0 7.6","searchText":"cross-asset speculative crowding how crowded is speculative positioning across equity, fx, rates and commodity futures simultaneously? 2 × |percentile(primary net/oi, trailing 260 weeks) − 50|, averaged per asset class, then equal-weighted across the four classes cross-asset-speculative-crowding cross asset speculative crowding overall crowding positioning weekly composite:overall overall crowding composite:equities equities composite:fx fx composite:rates rates composite:commodities commodities composite:overall composite:equities composite:fx composite:rates composite:commodities"},{"slug":"major-fx-dollar-positioning","title":"Major FX dollar positioning","question":"How concentrated is speculative positioning across the major currency pairs on the dollar-bullish side?","href":"/benchmarks/major-fx-dollar-positioning","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"62.33","latestUnit":"index (0-100)","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−10.0%","value":-10.020150138285278,"tone":"down","isPercent":true},"change1Y":{"label":"+46.8%","value":46.83365570599616,"tone":"up","isPercent":true},"change5Y":{"label":"+82.9%","value":82.9228915662651,"tone":"up","isPercent":true},"percentileLabel":"75th","percentileValue":75,"surpriseValue":78,"surpriseLabel":"78th pct move","isFresh":true,"sparkPath":"M 0.0 22.9 L 4.1 11.5 L 8.3 12.4 L 12.4 10.5 L 16.6 19.2 L 20.7 18.7 L 24.8 23.2 L 29.0 14.3 L 33.1 18.8 L 37.2 28.0 L 41.4 18.0 L 45.5 22.0 L 49.7 27.6 L 53.8 13.4 L 57.9 20.3 L 62.1 13.5 L 66.2 5.7 L 70.3 16.9 L 74.5 22.8 L 78.6 12.2 L 82.8 0.0 L 86.9 15.9 L 91.0 17.8 L 95.2 20.0 L 99.3 19.6 L 103.4 13.2 L 107.6 21.9 L 111.7 16.2 L 115.9 11.6 L 120.0 9.3","searchText":"major fx dollar positioning how concentrated is speculative positioning across the major currency pairs on the dollar-bullish side? foreigncurrencyscore_i = 100 − trailingpercentile260(leveraged funds net/oi_i); dollarscore = equal-weight mean of the seven scores major-fx-dollar-positioning major fx dollar positioning  positioning weekly fx-dollar:overall fx dollar score fx-dollar:eur eur fx-dollar:jpy jpy fx-dollar:gbp gbp fx-dollar:chf chf fx-dollar:cad cad fx-dollar:aud aud fx-dollar:nzd nzd fx-dollar:overall fx-dollar:eur fx-dollar:jpy fx-dollar:gbp fx-dollar:chf fx-dollar:cad fx-dollar:aud fx-dollar:nzd"},{"slug":"equity-index-positioning-breadth","title":"Equity-index positioning breadth","question":"What share of equity-index futures contracts are leveraged funds positioned more bullish than usual in?","href":"/benchmarks/equity-index-positioning-breadth","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"25.0","latestUnit":"%","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−25.0 pp","value":-25,"tone":"down","isPercent":false},"change1Y":{"label":"0.0 pp","value":0,"tone":"neutral","isPercent":false},"change5Y":{"label":"0.0 pp","value":0,"tone":"neutral","isPercent":false},"percentileLabel":"22nd","percentileValue":22,"surpriseValue":70,"surpriseLabel":"70th pct move","isFresh":true,"sparkPath":"M 0.0 18.7 L 4.1 0.0 L 8.3 0.0 L 12.4 9.3 L 16.6 9.3 L 20.7 28.0 L 24.8 18.7 L 29.0 18.7 L 33.1 9.3 L 37.2 18.7 L 41.4 18.7 L 45.5 18.7 L 49.7 18.7 L 53.8 9.3 L 57.9 9.3 L 62.1 18.7 L 66.2 18.7 L 70.3 28.0 L 74.5 18.7 L 78.6 28.0 L 82.8 18.7 L 86.9 18.7 L 91.0 28.0 L 95.2 18.7 L 99.3 18.7 L 103.4 18.7 L 107.6 9.3 L 111.7 28.0 L 115.9 28.0 L 120.0 18.7","searchText":"equity-index positioning breadth what share of equity-index futures contracts are leveraged funds positioned more bullish than usual in? binary_i = netoi_i > trailingmedian_i ? 1 : 0; breadth = 100 × sum(binary_i) / validcontracts equity-index-positioning-breadth equity index positioning breadth  positioning weekly equity-breadth:overall equity breadth equity-breadth:sp500 s&p 500 equity-breadth:nasdaq nasdaq-100 equity-breadth:dow dow equity-breadth:russell russell 2000 equity-breadth:overall equity-breadth:sp500 equity-breadth:nasdaq equity-breadth:dow equity-breadth:russell"},{"slug":"treasury-2y-10y-positioning-spread","title":"Treasury 2Y–10Y positioning spread","question":"Is speculative positioning leaning toward the short or the long end of the Treasury curve?","href":"/benchmarks/treasury-2y-10y-positioning-spread","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"-30.3","latestUnit":"% of OI","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+5.2 pp","value":5.178859892749582,"tone":"up","isPercent":false},"change1Y":{"label":"+15.9 pp","value":15.856946768304812,"tone":"up","isPercent":false},"change5Y":{"label":"−18.6 pp","value":-18.64488070308187,"tone":"down","isPercent":false},"percentileLabel":"25th","percentileValue":25,"surpriseValue":93,"surpriseLabel":"93rd pct move","isFresh":true,"sparkPath":"M 0.0 10.4 L 4.1 4.3 L 8.3 0.0 L 12.4 6.4 L 16.6 7.4 L 20.7 4.9 L 24.8 10.8 L 29.0 20.0 L 33.1 19.8 L 37.2 17.1 L 41.4 18.3 L 45.5 20.8 L 49.7 21.0 L 53.8 21.8 L 57.9 21.1 L 62.1 20.6 L 66.2 24.2 L 70.3 26.1 L 74.5 26.5 L 78.6 28.0 L 82.8 26.2 L 86.9 24.4 L 91.0 24.4 L 95.2 24.6 L 99.3 24.2 L 103.4 25.4 L 107.6 24.2 L 111.7 23.9 L 115.9 22.2 L 120.0 18.7","searchText":"treasury 2y–10y positioning spread is speculative positioning leaning toward the short or the long end of the treasury curve? spread = 2y leveraged funds net/oi − 10y leveraged funds net/oi, in percentage points of oi treasury-2y-10y-positioning-spread treasury 2y 10y positioning spread  positioning weekly treasury-spread:2y 2y leveraged net/oi treasury-spread:10y 10y leveraged net/oi treasury-spread:2y treasury-spread:10y"},{"slug":"treasury-duration-crowding","title":"Treasury duration crowding","question":"How crowded is speculative positioning across the five Treasury futures tenors?","href":"/benchmarks/treasury-duration-crowding","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"48.89","latestUnit":"index (0-100)","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+26.6%","value":26.58730158730154,"tone":"up","isPercent":true},"change1Y":{"label":"−29.3%","value":-29.268292682926845,"tone":"down","isPercent":true},"change5Y":{"label":"−3.6%","value":-3.6253776435045793,"tone":"down","isPercent":true},"percentileLabel":"23rd","percentileValue":23,"surpriseValue":94,"surpriseLabel":"94th pct move","isFresh":true,"sparkPath":"M 0.0 18.3 L 4.1 13.4 L 8.3 17.9 L 12.4 26.0 L 16.6 21.3 L 20.7 9.3 L 24.8 25.4 L 29.0 20.8 L 33.1 13.5 L 37.2 23.6 L 41.4 4.1 L 45.5 4.4 L 49.7 0.0 L 53.8 0.5 L 57.9 6.2 L 62.1 14.0 L 66.2 12.7 L 70.3 3.6 L 74.5 4.6 L 78.6 5.7 L 82.8 13.4 L 86.9 8.1 L 91.0 5.5 L 95.2 9.4 L 99.3 10.5 L 103.4 6.7 L 107.6 25.7 L 111.7 22.3 L 115.9 28.0 L 120.0 20.9","searchText":"treasury duration crowding how crowded is speculative positioning across the five treasury futures tenors? extremity_i = 2 × |trailingpercentile260(netoi_i) − 50|; crowding = equal-weight mean of extremity_i treasury-duration-crowding treasury duration crowding  positioning weekly duration:overall duration crowding duration:2y 2y duration:5y 5y duration:10y 10y duration:u10y ultra-10y duration:30y 30y duration:overall duration:2y duration:5y duration:10y duration:u10y duration:30y"},{"slug":"treasury-cohort-divergence","title":"Treasury cohort divergence","question":"How wide is the positioning gap between asset managers and leveraged funds across Treasury futures?","href":"/benchmarks/treasury-cohort-divergence","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"70.03","latestUnit":"pp of OI","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−2.84 pp of OI","value":-2.8387892833337105,"tone":"down","isPercent":false},"change1Y":{"label":"−7.73 pp of OI","value":-7.728896191872451,"tone":"down","isPercent":false},"change5Y":{"label":"+48.92 pp of OI","value":48.920301882668454,"tone":"up","isPercent":false},"percentileLabel":"90th","percentileValue":90,"surpriseValue":72,"surpriseLabel":"72nd pct move","isFresh":true,"sparkPath":"M 0.0 22.1 L 4.1 28.0 L 8.3 25.6 L 12.4 23.8 L 16.6 22.5 L 20.7 20.7 L 24.8 15.4 L 29.0 9.1 L 33.1 6.7 L 37.2 10.3 L 41.4 8.8 L 45.5 7.4 L 49.7 4.2 L 53.8 6.5 L 57.9 5.2 L 62.1 7.7 L 66.2 6.3 L 70.3 2.6 L 74.5 0.0 L 78.6 1.4 L 82.8 2.9 L 86.9 2.5 L 91.0 0.3 L 95.2 0.6 L 99.3 2.3 L 103.4 1.9 L 107.6 2.9 L 111.7 3.6 L 115.9 3.2 L 120.0 3.5","searchText":"treasury cohort divergence how wide is the positioning gap between asset managers and leveraged funds across treasury futures? divergence_i = assetmanager net/oi_i − leveraged funds net/oi_i; overall = equal-weight mean treasury-cohort-divergence treasury cohort divergence  positioning weekly divergence:overall overall divergence divergence:2y 2y divergence divergence:10y 10y divergence divergence:30y 30y divergence divergence:overall divergence:2y divergence:10y divergence:30y"},{"slug":"commodity-positioning-breadth","title":"Commodity positioning breadth","question":"What share of the eight tracked commodity futures have positive Managed Money Net/OI?","href":"/benchmarks/commodity-positioning-breadth","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"75.0","latestUnit":"%","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"+50.0%","value":50,"tone":"up","isPercent":true},"change5Y":{"label":"−25.0%","value":-25,"tone":"down","isPercent":true},"percentileLabel":"48th","percentileValue":48,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 5.6 L 8.3 11.2 L 12.4 11.2 L 16.6 0.0 L 20.7 16.8 L 24.8 22.4 L 29.0 22.4 L 33.1 11.2 L 37.2 22.4 L 41.4 22.4 L 45.5 11.2 L 49.7 22.4 L 53.8 22.4 L 57.9 28.0 L 62.1 22.4 L 66.2 16.8 L 70.3 22.4 L 74.5 22.4 L 78.6 16.8 L 82.8 5.6 L 86.9 11.2 L 91.0 16.8 L 95.2 22.4 L 99.3 22.4 L 103.4 11.2 L 107.6 16.8 L 111.7 11.2 L 115.9 16.8 L 120.0 11.2","searchText":"commodity positioning breadth what share of the eight tracked commodity futures have positive managed money net/oi? breadth = 100 × count(managedmoney netoi > 0) / validcontracts commodity-positioning-breadth commodity positioning breadth  positioning weekly commodity-breadth:overall commodity breadth commodity-breadth:gold gold commodity-breadth:silver silver commodity-breadth:copper copper commodity-breadth:wti wti commodity-breadth:natgas natural gas commodity-breadth:corn corn commodity-breadth:wheat wheat commodity-breadth:soybeans soybeans commodity-breadth:overall commodity-breadth:gold commodity-breadth:silver commodity-breadth:copper commodity-breadth:wti commodity-breadth:natgas commodity-breadth:corn commodity-breadth:wheat commodity-breadth:soybeans"},{"slug":"agricultural-index-trader-crowding","title":"Agricultural index-trader crowding","question":"How concentrated are index-trader flows across corn, wheat and soybean futures?","href":"/benchmarks/agricultural-index-trader-crowding","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"13.7","latestUnit":"% of OI","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+0.5%","value":0.46473996049940514,"tone":"up","isPercent":true},"change1Y":{"label":"+8.2%","value":8.217607049326592,"tone":"up","isPercent":true},"change5Y":{"label":"−42.3%","value":-42.34044161782897,"tone":"down","isPercent":true},"percentileLabel":"6th","percentileValue":6,"surpriseValue":11,"surpriseLabel":"11th pct move","isFresh":true,"sparkPath":"M 0.0 7.5 L 4.1 10.3 L 8.3 5.9 L 12.4 5.8 L 16.6 0.3 L 20.7 0.0 L 24.8 4.8 L 29.0 12.8 L 33.1 8.2 L 37.2 15.4 L 41.4 20.3 L 45.5 14.6 L 49.7 20.3 L 53.8 23.3 L 57.9 22.2 L 62.1 20.1 L 66.2 17.1 L 70.3 28.0 L 74.5 22.3 L 78.6 23.2 L 82.8 24.3 L 86.9 27.8 L 91.0 27.6 L 95.2 26.7 L 99.3 27.1 L 103.4 20.9 L 107.6 24.2 L 111.7 20.6 L 115.9 23.1 L 120.0 24.8","searchText":"agricultural index-trader crowding how concentrated are index-trader flows across corn, wheat and soybean futures? cit net/oi_i = (cit_positions_long_all − cit_positions_short_all) / open_interest_all × 100; composite = equal-weight mean agricultural-index-trader-crowding agricultural index trader crowding  positioning weekly index-trader:overall index-trader crowding index-trader:corn corn index-trader:wheat wheat index-trader:soybeans soybeans index-trader:overall index-trader:corn index-trader:wheat index-trader:soybeans"},{"slug":"gold-silver-positioning-spread","title":"Gold–silver positioning spread","question":"Is speculative positioning in gold more extended than in silver, or vice versa?","href":"/benchmarks/gold-silver-positioning-spread","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"CFTC","latestLabel":"90.6","latestUnit":"percentile points","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"+14.0%","value":13.975903614457842,"tone":"up","isPercent":true},"change1Y":{"label":"+2.2%","value":2.1598272138228847,"tone":"up","isPercent":true},"change5Y":{"label":"+97.9%","value":97.90794979079503,"tone":"up","isPercent":true},"percentileLabel":"91st","percentileValue":91,"surpriseValue":54,"surpriseLabel":"54th pct move","isFresh":true,"sparkPath":"M 0.0 22.0 L 4.1 21.7 L 8.3 19.8 L 12.4 11.6 L 16.6 19.6 L 20.7 24.6 L 24.8 26.3 L 29.0 28.0 L 33.1 17.9 L 37.2 24.7 L 41.4 7.7 L 45.5 13.2 L 49.7 23.2 L 53.8 18.8 L 57.9 14.6 L 62.1 5.2 L 66.2 4.9 L 70.3 4.8 L 74.5 0.0 L 78.6 0.3 L 82.8 1.6 L 86.9 5.5 L 91.0 4.9 L 95.2 3.3 L 99.3 8.1 L 103.4 7.3 L 107.6 11.4 L 111.7 8.8 L 115.9 4.0 L 120.0 2.7","searchText":"gold–silver positioning spread is speculative positioning in gold more extended than in silver, or vice versa? spread = trailingpercentile260(gold mm net/oi) − trailingpercentile260(silver mm net/oi) gold-silver-positioning-spread gold silver positioning spread  positioning weekly gold-silver:gold gold managed-money percentile gold-silver:silver silver managed-money percentile gold-silver:gold gold-silver:silver"},{"slug":"wti-positioning-inventory-tightness","title":"WTI positioning vs inventory tightness","question":"Is speculative positioning in WTI aligned with the physical inventory backdrop?","href":"/benchmarks/wti-positioning-inventory-tightness","cluster":"positioning","clusterLabel":"Speculative positioning","frequency":"weekly","source":"EIA + CFTC","latestLabel":"22.80","latestUnit":"index (0-100)","latestDate":"2026-08-04","asOf":"4 August 2026","changeLatest":{"label":"−13.1%","value":-13.138686131386857,"tone":"down","isPercent":true},"change1Y":{"label":"+693.3%","value":693.3333333333334,"tone":"up","isPercent":true},"change5Y":{"label":"−42.5%","value":-42.51207729468599,"tone":"down","isPercent":true},"percentileLabel":"32nd","percentileValue":32,"surpriseValue":45,"surpriseLabel":"45th pct move","isFresh":true,"sparkPath":"M 0.0 13.4 L 4.1 9.2 L 8.3 15.0 L 12.4 15.4 L 16.6 11.3 L 20.7 8.9 L 24.8 20.0 L 29.0 16.0 L 33.1 21.0 L 37.2 22.1 L 41.4 22.5 L 45.5 23.4 L 49.7 0.0 L 53.8 24.8 L 57.9 26.8 L 62.1 9.7 L 66.2 18.4 L 70.3 7.9 L 74.5 19.4 L 78.6 24.4 L 82.8 13.9 L 86.9 25.2 L 91.0 21.4 L 95.2 27.2 L 99.3 28.0 L 103.4 27.1 L 107.6 23.9 L 111.7 21.5 L 115.9 20.5 L 120.0 20.4","searchText":"wti positioning vs inventory tightness is speculative positioning in wti aligned with the physical inventory backdrop? wtipct = trailingpercentile260(wti mm net/oi); tightness = 100 − seasonalpercentile(commercial crude); eiaasof(cftcdate) = latest tightness with wpsr releasedate ≤ cftcdate; spread = wtipct − tightness wti-positioning-inventory-tightness wti positioning inventory tightness  positioning weekly wti-tightness:wti wti managed-money percentile wti-tightness:eia eia crude inventory tightness wti-tightness:wti wti-tightness:eia"},{"slug":"treasury-general-account","title":"Treasury General Account","question":"How large is the Treasury's operating cash balance at the Federal Reserve?","href":"/benchmarks/treasury-general-account","cluster":"treasury-liquidity","clusterLabel":"Treasury cash and liquidity","frequency":"daily","source":"U.S. Treasury","latestLabel":"961.73","latestUnit":"$bn","latestDate":"2026-08-06","asOf":"6 Aug 2026","changeLatest":{"label":"+3.5%","value":3.4865090253678677,"tone":"up","isPercent":true},"change1Y":{"label":"+107.1%","value":107.12791962353143,"tone":"up","isPercent":true},"change5Y":{"label":"+14.3%","value":14.320662155142383,"tone":"up","isPercent":true},"percentileLabel":"97th","percentileValue":97,"surpriseValue":61,"surpriseLabel":"61st pct move","isFresh":true,"sparkPath":"M 0.0 4.3 L 3.8 7.9 L 7.5 10.5 L 11.3 11.6 L 15.0 13.1 L 18.8 16.6 L 22.5 14.9 L 26.3 24.4 L 30.0 28.0 L 33.8 14.3 L 37.5 15.8 L 41.3 5.1 L 45.0 9.2 L 48.8 5.1 L 52.5 7.1 L 56.3 0.7 L 60.0 6.1 L 63.8 6.0 L 67.5 6.2 L 71.3 5.1 L 75.0 9.5 L 78.8 10.9 L 82.5 17.2 L 86.3 16.5 L 90.0 19.3 L 93.8 8.9 L 97.5 0.0 L 101.3 3.7 L 105.0 2.4 L 108.8 4.1 L 112.5 5.5 L 116.3 6.3 L 120.0 0.7","searchText":"treasury general account how large is the treasury's operating cash balance at the federal reserve? tga close(d) = opening balance at d+1, in $bn treasury-general-account treasury general account  treasury-liquidity daily tga-close tga closing balance tga-close#rangelow all-time low tga-close tga-close#rangelow"},{"slug":"treasury-cash-injection-drain","title":"Treasury cash injection/drain","question":"How much cash is the Treasury injecting into or draining from the private sector each day?","href":"/benchmarks/treasury-cash-injection-drain","cluster":"treasury-liquidity","clusterLabel":"Treasury cash and liquidity","frequency":"daily","source":"U.S. Treasury","latestLabel":"22.16","latestUnit":"$bn","latestDate":"2026-08-07","asOf":"7 Aug 2026","changeLatest":{"label":"+40.01 $bn","value":40.01400000000001,"tone":"up","isPercent":false},"change1Y":{"label":"+34.99 $bn","value":34.98900000000003,"tone":"up","isPercent":false},"change5Y":{"label":"−16.43 $bn","value":-16.43,"tone":"down","isPercent":false},"percentileLabel":"67th","percentileValue":67,"surpriseValue":76,"surpriseLabel":"76th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 3.8 12.3 L 7.5 5.0 L 11.3 11.3 L 15.0 13.1 L 18.8 21.5 L 22.5 5.2 L 26.3 12.8 L 30.0 13.6 L 33.8 10.8 L 37.5 13.2 L 41.3 5.2 L 45.0 28.0 L 48.8 18.3 L 52.5 22.0 L 56.3 6.7 L 60.0 23.8 L 63.8 14.5 L 67.5 7.1 L 71.3 10.8 L 75.0 14.8 L 78.8 7.2 L 82.5 16.5 L 86.3 12.4 L 90.0 1.4 L 93.8 16.0 L 97.5 0.2 L 101.3 14.4 L 105.0 3.7 L 108.8 13.9 L 112.5 10.5 L 116.3 15.3 L 120.0 9.7","searchText":"treasury cash injection/drain how much cash is the treasury injecting into or draining from the private sector each day? daily injection = withdrawals minus deposits, in $bn treasury-cash-injection-drain treasury cash injection drain  treasury-liquidity daily injection-daily daily net injection injection-cumulative 20bd cumulative injection injection-withdrawals withdrawals injection-deposits deposits injection-daily injection-cumulative injection-withdrawals injection-deposits"},{"slug":"public-vs-intragovernmental-debt","title":"Public vs intragovernmental debt","question":"How much U.S. debt is held by the public versus the government itself?","href":"/benchmarks/public-vs-intragovernmental-debt","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"daily","source":"U.S. Treasury","latestLabel":"32144.62","latestUnit":"$bn","latestDate":"2026-08-07","asOf":"7 Aug 2026","changeLatest":{"label":"−0.0%","value":-0.013343724698111625,"tone":"neutral","isPercent":true},"change1Y":{"label":"+8.4%","value":8.440242153973522,"tone":"up","isPercent":true},"change5Y":{"label":"+44.3%","value":44.28504835614693,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":49,"surpriseLabel":"49th pct move","isFresh":true,"sparkPath":"M 0.0 27.9 L 3.8 28.0 L 7.5 26.9 L 11.3 24.9 L 15.0 23.7 L 18.8 23.4 L 22.5 23.4 L 26.3 22.3 L 30.0 22.0 L 33.8 21.6 L 37.5 21.3 L 41.3 21.3 L 45.0 19.0 L 48.8 17.6 L 52.5 15.8 L 56.3 14.9 L 60.0 14.0 L 63.8 13.2 L 67.5 12.9 L 71.3 11.8 L 75.0 10.8 L 78.8 9.3 L 82.5 9.2 L 86.3 9.1 L 90.0 9.3 L 93.8 7.9 L 97.5 5.7 L 101.3 4.1 L 105.0 3.7 L 108.8 2.1 L 112.5 2.5 L 116.3 1.2 L 120.0 0.0","searchText":"public vs intragovernmental debt how much u.s. debt is held by the public versus the government itself? public = debt held by the public / 1e9; intragovernmental = intragovernmental holdings / 1e9 public-vs-intragovernmental-debt public vs intragovernmental debt  treasury-debt-stock daily debt-held-public debt held by the public intragovernmental intragovernmental holdings debt-held-public intragovernmental"},{"slug":"marketable-vs-nonmarketable-debt","title":"Marketable vs non-marketable debt","question":"How much Treasury debt is marketable (traded) and how much is non-marketable?","href":"/benchmarks/marketable-vs-nonmarketable-debt","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"monthly","source":"U.S. Treasury","latestLabel":"31455.08","latestUnit":"$bn","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+1.2%","value":1.1878307807481114,"tone":"up","isPercent":true},"change1Y":{"label":"+8.6%","value":8.578242398130055,"tone":"up","isPercent":true},"change5Y":{"label":"+45.0%","value":44.96401905881808,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":88,"surpriseLabel":"88th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 27.4 L 8.0 26.1 L 12.0 24.3 L 16.0 24.1 L 20.0 23.9 L 24.0 22.9 L 28.0 22.7 L 32.0 22.1 L 36.0 21.1 L 40.0 21.1 L 44.0 19.3 L 48.0 17.6 L 52.0 16.0 L 56.0 14.9 L 60.0 13.6 L 64.0 13.3 L 68.0 13.0 L 72.0 11.3 L 76.0 10.2 L 80.0 9.3 L 84.0 8.3 L 88.0 8.5 L 92.0 8.2 L 96.0 6.0 L 100.0 4.3 L 104.0 3.5 L 108.0 2.5 L 112.0 2.3 L 116.0 1.1 L 120.0 0.0","searchText":"marketable vs non-marketable debt how much treasury debt is marketable (traded) and how much is non-marketable? marketable = sum of all marketable security classes; non-marketable = sum of non-marketable, in $bn marketable-vs-nonmarketable-debt marketable vs nonmarketable debt  treasury-debt-stock monthly marketable marketable debt nonmarketable non-marketable debt marketable nonmarketable"},{"slug":"treasury-debt-composition","title":"Treasury debt composition","question":"How is U.S. marketable debt split across bills, notes, bonds, TIPS and FRNs?","href":"/benchmarks/treasury-debt-composition","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"monthly","source":"U.S. Treasury","latestLabel":"22.2","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+3.2%","value":3.2307681554041734,"tone":"up","isPercent":true},"change1Y":{"label":"+7.4%","value":7.352047501551318,"tone":"up","isPercent":true},"change5Y":{"label":"+16.4%","value":16.392411509110705,"tone":"up","isPercent":true},"percentileLabel":"90th","percentileValue":90,"surpriseValue":68,"surpriseLabel":"68th pct move","isFresh":true,"sparkPath":"M 0.0 15.4 L 4.0 19.2 L 8.0 22.0 L 12.0 18.9 L 16.0 22.8 L 20.0 28.0 L 24.0 25.6 L 28.0 26.8 L 32.0 26.7 L 36.0 21.9 L 40.0 23.7 L 44.0 17.1 L 48.0 9.6 L 52.0 5.5 L 56.0 3.4 L 60.0 0.0 L 64.0 2.4 L 68.0 4.2 L 72.0 0.9 L 76.0 1.2 L 80.0 2.1 L 84.0 0.7 L 88.0 4.6 L 92.0 8.6 L 96.0 2.9 L 100.0 1.7 L 104.0 3.0 L 108.0 0.7 L 112.0 3.2 L 116.0 3.4 L 120.0 0.8","searchText":"treasury debt composition how is u.s. marketable debt split across bills, notes, bonds, tips and frns? classshare = classoutstanding / totalmarketableoutstanding x 100; toptwo = sum of the two largest class shares treasury-debt-composition treasury debt composition  treasury-debt-stock monthly debt-comp:bills bills share debt-comp:notes notes share debt-comp:bonds bonds share debt-comp:tips tips share debt-comp:frns frns share debt-comp:bills:change bills 1y change debt-comp:notes:change notes 1y change debt-comp:bonds:change bonds 1y change debt-comp:tips:change tips 1y change debt-comp:frns:change frns 1y change debt-comp:top-two top-two share debt-comp:bills debt-comp:notes debt-comp:bonds debt-comp:tips debt-comp:frns debt-comp:bills:change debt-comp:notes:change debt-comp:bonds:change debt-comp:tips:change debt-comp:frns:change debt-comp:top-two"},{"slug":"debt-limit-headroom","title":"Debt-limit headroom","question":"How much room does the Treasury have under the statutory debt ceiling?","href":"/benchmarks/debt-limit-headroom","cluster":"treasury-liquidity","clusterLabel":"Treasury cash and liquidity","frequency":"daily","source":"U.S. Treasury","latestLabel":"1403.59","latestUnit":"$bn","latestDate":"2026-08-07","asOf":"7 Aug 2026","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change5Y":{"label":"+44.7%","value":44.72492490967808,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 3.9 28.0 L 7.7 28.0 L 11.6 28.0 L 15.5 25.9 L 19.4 25.9 L 23.2 25.9 L 27.1 25.1 L 31.0 23.3 L 34.8 23.3 L 38.7 15.5 L 42.6 15.5 L 46.5 14.9 L 50.3 11.8 L 54.2 11.8 L 58.1 11.8 L 61.9 11.8 L 65.8 11.8 L 69.7 11.8 L 73.5 11.8 L 77.4 11.8 L 81.3 11.8 L 85.2 6.1 L 89.0 6.1 L 92.9 6.1 L 96.8 0.0 L 100.6 0.0 L 104.5 0.0 L 108.4 0.0 L 112.3 0.0 L 116.1 0.0 L 120.0 0.0","searchText":"debt-limit headroom how much room does the treasury have under the statutory debt ceiling? subject = dhp + igh − notsubject + othersubject; headroom = limit − subject, in $bn debt-limit-headroom debt limit headroom  treasury-liquidity daily statutory-limit statutory debt limit debt-subject-limit debt subject to limit headroom debt-limit headroom statutory-limit debt-subject-limit headroom"},{"slug":"tips-vs-floating-rate-funding","title":"TIPS vs floating-rate funding","question":"How much of marketable debt is inflation-linked (TIPS) versus floating-rate (FRNs)?","href":"/benchmarks/tips-vs-floating-rate-funding","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"monthly","source":"U.S. Treasury","latestLabel":"6.8","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"−1.8%","value":-1.8471132920708566,"tone":"down","isPercent":true},"change1Y":{"label":"−3.5%","value":-3.485202836373047,"tone":"down","isPercent":true},"change5Y":{"label":"−7.5%","value":-7.526788208635216,"tone":"down","isPercent":true},"percentileLabel":"2nd","percentileValue":2,"surpriseValue":90,"surpriseLabel":"90th pct move","isFresh":true,"sparkPath":"M 0.0 12.3 L 4.0 9.1 L 8.0 7.2 L 12.0 12.5 L 16.0 11.5 L 20.0 5.1 L 24.0 6.0 L 28.0 3.0 L 32.0 0.0 L 36.0 5.5 L 40.0 5.2 L 44.0 4.6 L 48.0 10.1 L 52.0 9.3 L 56.0 8.2 L 60.0 13.9 L 64.0 12.6 L 68.0 8.6 L 72.0 13.7 L 76.0 16.0 L 80.0 14.1 L 84.0 21.9 L 88.0 19.8 L 92.0 16.1 L 96.0 21.5 L 100.0 23.6 L 104.0 20.9 L 108.0 28.0 L 112.0 27.0 L 116.0 22.8 L 120.0 25.7","searchText":"tips vs floating-rate funding how much of marketable debt is inflation-linked (tips) versus floating-rate (frns)? tipsshare = tipsoutstanding / totalmarketable × 100; frnshare = frnoutstanding / totalmarketable × 100 tips-vs-floating-rate-funding tips vs floating rate funding  treasury-debt-stock monthly tips-share tips share frn-share frn share tips-share frn-share"},{"slug":"treasury-gross-issuance-mix","title":"Treasury gross issuance mix","question":"Is the Treasury raising more through bills or coupons each quarter?","href":"/benchmarks/treasury-gross-issuance-mix","cluster":"treasury-auctions","clusterLabel":"Treasury auction demand","frequency":"weekly","source":"U.S. Treasury","latestLabel":"7217.68","latestUnit":"$bn","latestDate":"2026-08-11","asOf":"11 August 2026","changeLatest":{"label":"−75.66 $bn","value":-75.66134909999982,"tone":"down","isPercent":false},"change1Y":{"label":"+1205.18 $bn","value":1205.1796205,"tone":"up","isPercent":false},"change5Y":{"label":"+4393.22 $bn","value":4393.2174194,"tone":"up","isPercent":false},"percentileLabel":"99th","percentileValue":99,"surpriseValue":89,"surpriseLabel":"89th pct move","isFresh":true,"sparkPath":"M 0.0 22.8 L 4.1 22.3 L 8.3 23.6 L 12.4 22.7 L 16.6 26.9 L 20.7 28.0 L 24.8 24.3 L 29.0 22.2 L 33.1 20.1 L 37.2 16.7 L 41.4 8.0 L 45.5 7.1 L 49.7 2.7 L 53.8 1.8 L 57.9 1.3 L 62.1 3.0 L 66.2 4.2 L 70.3 6.6 L 74.5 4.0 L 78.6 4.2 L 82.8 3.2 L 86.9 4.1 L 91.0 3.3 L 95.2 5.4 L 99.3 7.4 L 103.4 6.7 L 107.6 8.9 L 111.7 7.2 L 115.9 4.3 L 120.0 0.0","searchText":"treasury gross issuance mix is the treasury raising more through bills or coupons each quarter? billissuance = sum of accepted bill amounts over trailing 91 days; couponissuance = same for notes/bonds treasury-gross-issuance-mix treasury gross issuance mix  treasury-auctions weekly issuance-bills bill issuance (13-week sum) issuance-coupons coupon issuance (13-week sum) issuance-bills issuance-coupons"},{"slug":"treasury-maturity-wall","title":"Treasury maturity wall","question":"How much marketable debt is maturing in the next year and beyond?","href":"/benchmarks/treasury-maturity-wall","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"monthly","source":"U.S. Treasury","latestLabel":"33.3","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+2.1%","value":2.093818011663373,"tone":"up","isPercent":true},"change1Y":{"label":"+4.4%","value":4.372594707457966,"tone":"up","isPercent":true},"change5Y":{"label":"+7.2%","value":7.187515743777806,"tone":"up","isPercent":true},"percentileLabel":"88th","percentileValue":88,"surpriseValue":70,"surpriseLabel":"70th pct move","isFresh":true,"sparkPath":"M 0.0 17.2 L 4.0 20.1 L 8.0 24.7 L 12.0 20.5 L 16.0 22.4 L 20.0 28.0 L 24.0 24.5 L 28.0 25.0 L 32.0 24.0 L 36.0 22.4 L 40.0 24.7 L 44.0 18.1 L 48.0 11.3 L 52.0 8.3 L 56.0 4.8 L 60.0 0.0 L 64.0 3.3 L 68.0 5.3 L 72.0 2.5 L 76.0 4.3 L 80.0 6.0 L 84.0 4.5 L 88.0 8.1 L 92.0 12.1 L 96.0 4.9 L 100.0 3.8 L 104.0 5.2 L 108.0 1.9 L 112.0 6.0 L 116.0 6.5 L 120.0 3.4","searchText":"treasury maturity wall how much marketable debt is maturing in the next year and beyond? bucketshare = outstandinginbucket / totalmarketableoutstanding x 100; toptwo = sum of the two largest bucket shares treasury-maturity-wall treasury maturity wall  treasury-debt-stock monthly maturity:lt1y <1 year share maturity:1-3y 1-3 year share maturity:3-5y 3-5 year share maturity:5-10y 5-10 year share maturity:gt10y 10y+ share maturity:lt1y:change <1y 1y change maturity:1-3y:change 1-3y 1y change maturity:3-5y:change 3-5y 1y change maturity:5-10y:change 5-10y 1y change maturity:gt10y:change 10y+ 1y change maturity:top-two top-two share maturity:lt1y maturity:1-3y maturity:3-5y maturity:5-10y maturity:gt10y maturity:lt1y:change maturity:1-3y:change maturity:3-5y:change maturity:5-10y:change maturity:gt10y:change maturity:top-two"},{"slug":"treasury-debt-cost","title":"Treasury debt cost","question":"What is the average interest rate the Treasury pays on marketable versus non-marketable debt?","href":"/benchmarks/treasury-debt-cost","cluster":"treasury-debt-stock","clusterLabel":"Treasury debt stock","frequency":"monthly","source":"U.S. Treasury","latestLabel":"3.4","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+0.9%","value":0.9381413075344458,"tone":"up","isPercent":true},"change1Y":{"label":"+1.3%","value":1.2944983818770295,"tone":"up","isPercent":true},"change5Y":{"label":"+133.3%","value":133.26558265582656,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":55,"surpriseLabel":"55th pct move","isFresh":true,"sparkPath":"M 0.0 27.6 L 4.0 27.7 L 8.0 28.0 L 12.0 27.9 L 16.0 26.7 L 20.0 24.4 L 24.0 21.7 L 28.0 18.6 L 32.0 15.6 L 36.0 12.9 L 40.0 11.7 L 44.0 9.1 L 48.0 6.7 L 52.0 4.8 L 56.0 3.7 L 60.0 2.6 L 64.0 2.0 L 68.0 1.4 L 72.0 0.4 L 76.0 1.1 L 80.0 1.5 L 84.0 1.4 L 88.0 1.2 L 92.0 0.9 L 96.0 0.4 L 100.0 0.7 L 104.0 1.1 L 108.0 1.2 L 112.0 1.0 L 116.0 0.4 L 120.0 0.0","searchText":"treasury debt cost what is the average interest rate the treasury pays on marketable versus non-marketable debt? marketable cost = published weighted average for all marketable securities; non-marketable cost = same for non-marketable; spread bp = (marketable − non-marketable) × 100 treasury-debt-cost treasury debt cost  treasury-debt-stock monthly marketable-cost marketable interest cost nonmarketable-cost non-marketable cost marketable-cost nonmarketable-cost"},{"slug":"treasury-bill-auction-demand","title":"Treasury bill auction demand","question":"How strong is demand at Treasury bill auctions?","href":"/benchmarks/treasury-bill-auction-demand","cluster":"treasury-auctions","clusterLabel":"Treasury auction demand","frequency":"monthly","source":"U.S. Treasury","latestLabel":"2.8","latestUnit":"ratio","latestDate":"2026-07-01","asOf":"July 2026","changeLatest":{"label":"+1.8%","value":1.7921146953404854,"tone":"up","isPercent":true},"change1Y":{"label":"−6.4%","value":-6.425041186161462,"tone":"down","isPercent":true},"change5Y":{"label":"−17.9%","value":-17.919075144508678,"tone":"down","isPercent":true},"percentileLabel":"34th","percentileValue":34,"surpriseValue":27,"surpriseLabel":"27th pct move","isFresh":true,"sparkPath":"M 0.0 2.4 L 4.0 0.0 L 8.0 10.7 L 12.0 10.4 L 16.0 4.5 L 20.0 13.8 L 24.0 21.4 L 28.0 28.0 L 32.0 22.5 L 36.0 25.6 L 40.0 21.8 L 44.0 15.2 L 48.0 14.5 L 52.0 16.8 L 56.0 13.8 L 60.0 18.3 L 64.0 16.2 L 68.0 18.0 L 72.0 17.3 L 76.0 15.6 L 80.0 15.9 L 84.0 15.2 L 88.0 15.0 L 92.0 11.4 L 96.0 14.5 L 100.0 15.2 L 104.0 14.2 L 108.0 14.9 L 112.0 14.0 L 116.0 20.0 L 120.0 18.3","searchText":"treasury bill auction demand how strong is demand at treasury bill auctions? demand = monthly median bid_to_cover per tenor; overall = auction-pooled median across all bill auctions that month (not equal-weight across tenors) treasury-bill-auction-demand treasury bill auction demand  treasury-auctions monthly bill-demand:overall bill demand bill-demand:4-week 4-week bill-demand:8-week 8-week bill-demand:13-week 13-week bill-demand:17-week 17-week bill-demand:26-week 26-week bill-demand:52-week 52-week bill-demand:overall bill-demand:4-week bill-demand:8-week bill-demand:13-week bill-demand:17-week bill-demand:26-week bill-demand:52-week"},{"slug":"treasury-coupon-auction-demand","title":"Treasury coupon auction demand","question":"How strong is demand at Treasury coupon auctions?","href":"/benchmarks/treasury-coupon-auction-demand","cluster":"treasury-auctions","clusterLabel":"Treasury auction demand","frequency":"monthly","source":"U.S. Treasury","latestLabel":"2.6","latestUnit":"ratio","latestDate":"2026-07-01","asOf":"July 2026","changeLatest":{"label":"+0.8%","value":0.7782101167315147,"tone":"up","isPercent":true},"change1Y":{"label":"−0.8%","value":-0.7662835249042099,"tone":"down","isPercent":true},"change5Y":{"label":"+9.7%","value":9.745762711864403,"tone":"up","isPercent":true},"percentileLabel":"66th","percentileValue":66,"surpriseValue":10,"surpriseLabel":"10th pct move","isFresh":true,"sparkPath":"M 0.0 20.3 L 4.0 28.0 L 8.0 21.2 L 12.0 19.3 L 16.0 21.2 L 20.0 19.3 L 24.0 15.4 L 28.0 16.4 L 32.0 18.3 L 36.0 15.4 L 40.0 10.6 L 44.0 0.0 L 48.0 8.7 L 52.0 8.7 L 56.0 14.5 L 60.0 15.4 L 64.0 16.4 L 68.0 6.8 L 72.0 14.5 L 76.0 14.5 L 80.0 6.8 L 84.0 16.4 L 88.0 12.6 L 92.0 12.6 L 96.0 15.4 L 100.0 16.4 L 104.0 10.6 L 108.0 14.5 L 112.0 13.5 L 116.0 7.7 L 120.0 5.8","searchText":"treasury coupon auction demand how strong is demand at treasury coupon auctions? demand = monthly median bid_to_cover for each original tenor (nominal only); overall = auction-pooled median across those auctions treasury-coupon-auction-demand treasury coupon auction demand  treasury-auctions monthly coupon-demand:overall coupon demand coupon-demand:2-year 2-year coupon-demand:3-year 3-year coupon-demand:5-year 5-year coupon-demand:7-year 7-year coupon-demand:10-year 10-year coupon-demand:20-year 20-year coupon-demand:30-year 30-year coupon-demand:overall coupon-demand:2-year coupon-demand:3-year coupon-demand:5-year coupon-demand:7-year coupon-demand:10-year coupon-demand:20-year coupon-demand:30-year"},{"slug":"treasury-indirect-bidder-share","title":"Treasury indirect-bidder share","question":"What share of Treasury auctions do indirect bidders take?","href":"/benchmarks/treasury-indirect-bidder-share","cluster":"treasury-auctions","clusterLabel":"Treasury auction demand","frequency":"monthly","source":"U.S. Treasury","latestLabel":"56.1","latestUnit":"%","latestDate":"2026-07-01","asOf":"July 2026","changeLatest":{"label":"+4.5%","value":4.477728241274237,"tone":"up","isPercent":true},"change1Y":{"label":"−6.0%","value":-5.982094233114099,"tone":"down","isPercent":true},"change5Y":{"label":"+40.0%","value":39.99700322397326,"tone":"up","isPercent":true},"percentileLabel":"91st","percentileValue":91,"surpriseValue":37,"surpriseLabel":"37th pct move","isFresh":true,"sparkPath":"M 0.0 24.6 L 4.0 28.0 L 8.0 27.0 L 12.0 19.9 L 16.0 26.2 L 20.0 24.0 L 24.0 22.2 L 28.0 23.3 L 32.0 13.8 L 36.0 13.8 L 40.0 13.6 L 44.0 14.9 L 48.0 12.8 L 52.0 5.5 L 56.0 10.2 L 60.0 7.9 L 64.0 10.3 L 68.0 8.8 L 72.0 6.5 L 76.0 1.6 L 80.0 0.0 L 84.0 8.0 L 88.0 1.0 L 92.0 3.9 L 96.0 3.5 L 100.0 1.6 L 104.0 6.7 L 108.0 5.5 L 112.0 7.8 L 116.0 11.2 L 120.0 7.6","searchText":"treasury indirect-bidder share what share of treasury auctions do indirect bidders take? indirectshare = sum(indirect_accepted) / sum(total_accepted) × 100 per month; both legs required treasury-indirect-bidder-share treasury indirect bidder share  treasury-auctions monthly indirect:bills indirect share (bills) indirect:coupons indirect share (coupons) indirect:bills indirect:coupons"},{"slug":"fed-liquidity-assets-vs-drains","title":"Fed liquidity: assets vs drains","question":"How large is the Fed's balance sheet relative to liquidity drains?","href":"/benchmarks/fed-liquidity-assets-vs-drains","cluster":null,"clusterLabel":null,"frequency":"daily","source":"U.S. Treasury","latestLabel":"6748.57","latestUnit":"$bn","latestDate":"2026-08-06","asOf":"6 Aug 2026","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"+1.6%","value":1.622143453775382,"tone":"up","isPercent":true},"change5Y":{"label":"−24.7%","value":-24.72726802236175,"tone":"down","isPercent":true},"percentileLabel":"32nd","percentileValue":32,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 3.8 0.6 L 7.5 0.8 L 11.3 1.7 L 15.0 2.8 L 18.8 4.7 L 22.5 6.2 L 26.3 3.0 L 30.0 5.9 L 33.8 7.8 L 37.5 9.6 L 41.3 11.8 L 45.0 13.6 L 48.8 15.0 L 52.5 16.5 L 56.3 18.2 L 60.0 19.8 L 63.8 20.8 L 67.5 21.9 L 71.3 23.2 L 75.0 24.6 L 78.8 25.4 L 82.5 26.0 L 86.3 26.6 L 90.0 26.8 L 93.8 27.5 L 97.5 27.6 L 101.3 28.0 L 105.0 27.4 L 108.8 26.8 L 112.5 26.0 L 116.3 26.1 L 120.0 25.8","searchText":"fed liquidity: assets vs drains how large is the fed's balance sheet relative to liquidity drains? net liquidity = fed assets − (tga + on rrp), in $bn fed-liquidity-assets-vs-drains fed liquidity assets vs drains   daily fed-assets fed total assets fed-drains liquidity drains (tga + on rrp) net-liquidity net liquidity fed-assets fed-drains net-liquidity"},{"slug":"treasury-debt-cost-vs-10y-yield","title":"Treasury debt cost vs 10Y yield","question":"How does the Treasury's average borrowing cost compare to the 10-year yield?","href":"/benchmarks/treasury-debt-cost-vs-10y-yield","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Treasury","latestLabel":"3.4","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+0.9%","value":0.9381413075344458,"tone":"up","isPercent":true},"change1Y":{"label":"+1.3%","value":1.2944983818770295,"tone":"up","isPercent":true},"change5Y":{"label":"+133.3%","value":133.26558265582656,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":55,"surpriseLabel":"55th pct move","isFresh":true,"sparkPath":"M 0.0 27.6 L 4.0 27.7 L 8.0 28.0 L 12.0 27.9 L 16.0 26.7 L 20.0 24.4 L 24.0 21.7 L 28.0 18.6 L 32.0 15.6 L 36.0 12.9 L 40.0 11.7 L 44.0 9.1 L 48.0 6.7 L 52.0 4.8 L 56.0 3.7 L 60.0 2.6 L 64.0 2.0 L 68.0 1.4 L 72.0 0.4 L 76.0 1.1 L 80.0 1.5 L 84.0 1.4 L 88.0 1.2 L 92.0 0.9 L 96.0 0.4 L 100.0 0.7 L 104.0 1.1 L 108.0 1.2 L 112.0 1.0 L 116.0 0.4 L 120.0 0.0","searchText":"treasury debt cost vs 10y yield how does the treasury's average borrowing cost compare to the 10-year yield? spread = marketable debt cost − last daily dgs10 on or before month-end treasury-debt-cost-vs-10y-yield treasury debt cost vs 10y yield   monthly marketable-cost-10y marketable debt cost dgs10 10-year treasury yield marketable-cost-10y dgs10"},{"slug":"us-commercial-crude-inventories","title":"U.S. commercial crude oil inventories","question":"Where do U.S. commercial crude oil stocks sit relative to their five-year seasonal range?","href":"/benchmarks/us-commercial-crude-inventories","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"406.99","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.6%","value":0.6128432564992625,"tone":"up","isPercent":true},"change1Y":{"label":"−3.9%","value":-3.935920615962718,"tone":"down","isPercent":true},"change5Y":{"label":"−7.3%","value":-7.3397461437759715,"tone":"down","isPercent":true},"percentileLabel":"74th","percentileValue":74,"surpriseValue":37,"surpriseLabel":"37th pct move","isFresh":true,"sparkPath":"M 0.0 16.8 L 4.1 20.3 L 8.3 21.5 L 12.4 24.5 L 16.6 25.1 L 20.7 24.6 L 24.8 23.6 L 29.0 16.3 L 33.1 22.7 L 37.2 0.0 L 41.4 6.2 L 45.5 8.0 L 49.7 22.7 L 53.8 15.3 L 57.9 19.0 L 62.1 13.1 L 66.2 7.7 L 70.3 16.5 L 74.5 25.6 L 78.6 19.6 L 82.8 24.8 L 86.9 15.2 L 91.0 16.6 L 95.2 21.5 L 99.3 22.8 L 103.4 20.7 L 107.6 19.4 L 111.7 5.8 L 115.9 23.6 L 120.0 28.0","searchText":"u.s. commercial crude oil inventories where do u.s. commercial crude oil stocks sit relative to their five-year seasonal range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values us-commercial-crude-inventories us commercial crude inventories  eia-crude-inventories weekly wcestus1 u.s. commercial crude stocks wcestus1#seasonalavg five-year average wcestus1#seasonallow five-year minimum wcestus1#seasonalhigh five-year maximum wcestus1 wcestus1#seasonalavg wcestus1#seasonallow wcestus1#seasonalhigh"},{"slug":"cushing-crude-inventories","title":"Cushing crude oil inventories","question":"Where do Cushing, Oklahoma crude stocks sit relative to their five-year seasonal range?","href":"/benchmarks/cushing-crude-inventories","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"20.95","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+12.7%","value":12.66734770686595,"tone":"up","isPercent":true},"change1Y":{"label":"−8.9%","value":-8.915065635051732,"tone":"down","isPercent":true},"change5Y":{"label":"−40.0%","value":-39.95702005730659,"tone":"down","isPercent":true},"percentileLabel":"15th","percentileValue":15,"surpriseValue":99,"surpriseLabel":"99th pct move","isFresh":true,"sparkPath":"M 0.0 10.1 L 4.1 13.2 L 8.3 10.0 L 12.4 23.1 L 16.6 18.2 L 20.7 26.4 L 24.8 21.1 L 29.0 17.3 L 33.1 21.1 L 37.2 1.9 L 41.4 9.5 L 45.5 0.0 L 49.7 21.5 L 53.8 21.4 L 57.9 12.1 L 62.1 12.9 L 66.2 6.5 L 70.3 13.6 L 74.5 24.3 L 78.6 22.6 L 82.8 26.7 L 86.9 21.3 L 91.0 22.6 L 95.2 24.1 L 99.3 24.5 L 103.4 25.9 L 107.6 21.3 L 111.7 15.2 L 115.9 28.0 L 120.0 26.8","searchText":"cushing crude oil inventories where do cushing, oklahoma crude stocks sit relative to their five-year seasonal range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values cushing-crude-inventories cushing crude inventories  eia-crude-inventories weekly w_epc0_sax_ycuok_mbbl cushing crude stocks w_epc0_sax_ycuok_mbbl#seasonalavg five-year average w_epc0_sax_ycuok_mbbl#seasonallow five-year minimum w_epc0_sax_ycuok_mbbl#seasonalhigh five-year maximum w_epc0_sax_ycuok_mbbl w_epc0_sax_ycuok_mbbl#seasonalavg w_epc0_sax_ycuok_mbbl#seasonallow w_epc0_sax_ycuok_mbbl#seasonalhigh"},{"slug":"us-gasoline-inventories","title":"U.S. gasoline inventories","question":"Where do U.S. total motor gasoline stocks sit relative to their five-year seasonal range?","href":"/benchmarks/us-gasoline-inventories","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"209.66","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−0.8%","value":-0.77756375975504,"tone":"down","isPercent":true},"change1Y":{"label":"−7.7%","value":-7.672999180912621,"tone":"down","isPercent":true},"change5Y":{"label":"−8.4%","value":-8.39428496526413,"tone":"down","isPercent":true},"percentileLabel":"34th","percentileValue":34,"surpriseValue":47,"surpriseLabel":"47th pct move","isFresh":true,"sparkPath":"M 0.0 16.5 L 4.1 22.1 L 8.3 18.7 L 12.4 6.7 L 16.6 15.1 L 20.7 20.0 L 24.8 23.8 L 29.0 28.0 L 33.1 19.4 L 37.2 11.2 L 41.4 21.0 L 45.5 21.2 L 49.7 20.7 L 53.8 23.2 L 57.9 5.9 L 62.1 15.1 L 66.2 17.2 L 70.3 16.9 L 74.5 20.8 L 78.6 25.0 L 82.8 5.4 L 86.9 11.5 L 91.0 16.4 L 95.2 17.1 L 99.3 21.3 L 103.4 20.4 L 107.6 0.0 L 111.7 13.9 L 115.9 23.9 L 120.0 26.4","searchText":"u.s. gasoline inventories where do u.s. total motor gasoline stocks sit relative to their five-year seasonal range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values us-gasoline-inventories us gasoline inventories  eia-products weekly wgtstus1 total gasoline stocks wgtstus1#seasonalavg five-year average wgtstus1#seasonallow five-year minimum wgtstus1#seasonalhigh five-year maximum wgtstus1 wgtstus1#seasonalavg wgtstus1#seasonallow wgtstus1#seasonalhigh"},{"slug":"us-distillate-inventories","title":"U.S. distillate inventories","question":"Where do U.S. distillate stocks sit relative to their five-year seasonal range?","href":"/benchmarks/us-distillate-inventories","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"107.16","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−3.1%","value":-3.139236387302047,"tone":"down","isPercent":true},"change1Y":{"label":"−5.1%","value":-5.144683148772689,"tone":"down","isPercent":true},"change5Y":{"label":"−22.8%","value":-22.764948394164787,"tone":"down","isPercent":true},"percentileLabel":"14th","percentileValue":14,"surpriseValue":87,"surpriseLabel":"87th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 10.0 L 8.3 11.0 L 12.4 14.6 L 16.6 24.6 L 20.7 20.5 L 24.8 21.0 L 29.0 25.0 L 33.1 15.3 L 37.2 12.5 L 41.4 25.5 L 45.5 15.8 L 49.7 12.3 L 53.8 25.2 L 57.9 2.5 L 62.1 15.5 L 66.2 17.0 L 70.3 10.1 L 74.5 12.0 L 78.6 18.6 L 82.8 11.2 L 86.9 18.7 L 91.0 24.3 L 95.2 20.0 L 99.3 13.1 L 103.4 16.9 L 107.6 10.6 L 111.7 21.1 L 115.9 28.0 L 120.0 24.7","searchText":"u.s. distillate inventories where do u.s. distillate stocks sit relative to their five-year seasonal range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values us-distillate-inventories us distillate inventories  eia-products weekly wdistus1 distillate stocks wdistus1#seasonalavg five-year average wdistus1#seasonallow five-year minimum wdistus1#seasonalhigh five-year maximum wdistus1 wdistus1#seasonalavg wdistus1#seasonallow wdistus1#seasonalhigh"},{"slug":"us-natural-gas-storage","title":"U.S. natural-gas storage","question":"Where does Lower-48 working gas in underground storage sit relative to the five-year range?","href":"/benchmarks/us-natural-gas-storage","cluster":"eia-natural-gas","clusterLabel":"Natural gas","frequency":"weekly","source":"EIA","latestLabel":"3117.00","latestUnit":"Billion Cubic Feet","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+1.1%","value":1.0700389105058328,"tone":"up","isPercent":true},"change1Y":{"label":"−0.4%","value":-0.41533546325878135,"tone":"down","isPercent":true},"change5Y":{"label":"+14.3%","value":14.301430143014304,"tone":"up","isPercent":true},"percentileLabel":"64th","percentileValue":64,"surpriseValue":17,"surpriseLabel":"17th pct move","isFresh":true,"sparkPath":"M 0.0 12.9 L 4.1 5.7 L 8.3 6.8 L 12.4 24.7 L 16.6 28.0 L 20.7 19.4 L 24.8 15.0 L 29.0 5.3 L 33.1 12.2 L 37.2 21.9 L 41.4 20.6 L 45.5 11.7 L 49.7 8.6 L 53.8 1.5 L 57.9 8.9 L 62.1 18.5 L 66.2 14.1 L 70.3 8.3 L 74.5 5.4 L 78.6 0.0 L 82.8 15.8 L 86.9 24.8 L 91.0 15.5 L 95.2 9.5 L 99.3 3.8 L 103.4 2.6 L 107.6 20.0 L 111.7 22.7 L 115.9 13.7 L 120.0 9.6","searchText":"u.s. natural-gas storage where does lower-48 working gas in underground storage sit relative to the five-year range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values us-natural-gas-storage us natural gas storage  eia-natural-gas weekly nw2_epg0_swo_r48_bcf lower-48 working gas storage nw2_epg0_swo_r48_bcf#seasonalavg five-year average nw2_epg0_swo_r48_bcf#seasonallow five-year minimum nw2_epg0_swo_r48_bcf#seasonalhigh five-year maximum nw2_epg0_swo_r48_bcf nw2_epg0_swo_r48_bcf#seasonalavg nw2_epg0_swo_r48_bcf#seasonallow nw2_epg0_swo_r48_bcf#seasonalhigh"},{"slug":"us-propane-inventories","title":"U.S. propane inventories","question":"Where do U.S. propane stocks sit relative to the five-year seasonal range?","href":"/benchmarks/us-propane-inventories","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"103.10","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.8%","value":0.7987407856402617,"tone":"up","isPercent":true},"change1Y":{"label":"+21.7%","value":21.671249365699374,"tone":"up","isPercent":true},"change5Y":{"label":"+56.3%","value":56.28770653327268,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":16,"surpriseLabel":"16th pct move","isFresh":true,"sparkPath":"M 0.0 15.6 L 4.1 12.7 L 8.3 14.2 L 12.4 28.0 L 16.6 27.5 L 20.7 21.1 L 24.8 13.3 L 29.0 6.5 L 33.1 9.6 L 37.2 18.5 L 41.4 17.9 L 45.5 8.3 L 49.7 1.7 L 53.8 1.4 L 57.9 11.5 L 62.1 21.9 L 66.2 16.7 L 70.3 8.0 L 74.5 2.4 L 78.6 2.8 L 82.8 15.9 L 86.9 25.4 L 91.0 17.7 L 95.2 7.9 L 99.3 1.1 L 103.4 0.6 L 107.6 11.1 L 111.7 10.8 L 115.9 6.7 L 120.0 0.0","searchText":"u.s. propane inventories where do u.s. propane stocks sit relative to the five-year seasonal range? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values us-propane-inventories us propane inventories  eia-products weekly wprstus1 propane stocks wprstus1#seasonalavg five-year average wprstus1#seasonallow five-year minimum wprstus1#seasonalhigh five-year maximum wprstus1 wprstus1#seasonalavg wprstus1#seasonallow wprstus1#seasonalhigh"},{"slug":"crude-inventory-days-supply","title":"Crude oil days of supply","question":"How many days of crude oil supply does the U.S. hold, and where does that sit seasonally?","href":"/benchmarks/crude-inventory-days-supply","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"23.70","latestUnit":"Number of Days","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.4%","value":0.4237288135593209,"tone":"up","isPercent":true},"change1Y":{"label":"−5.2%","value":-5.200000000000005,"tone":"down","isPercent":true},"change5Y":{"label":"−13.8%","value":-13.818181818181818,"tone":"down","isPercent":true},"percentileLabel":"51st","percentileValue":51,"surpriseValue":18,"surpriseLabel":"18th pct move","isFresh":true,"sparkPath":"M 0.0 16.0 L 4.1 13.7 L 8.3 17.1 L 12.4 15.7 L 16.6 18.8 L 20.7 22.5 L 24.8 21.9 L 29.0 13.3 L 33.1 16.4 L 37.2 0.0 L 41.4 8.9 L 45.5 13.3 L 49.7 22.9 L 53.8 10.6 L 57.9 20.5 L 62.1 9.9 L 66.2 11.6 L 70.3 20.1 L 74.5 24.2 L 78.6 19.5 L 82.8 20.8 L 86.9 13.0 L 91.0 19.1 L 95.2 23.6 L 99.3 21.2 L 103.4 21.5 L 107.6 18.4 L 111.7 12.0 L 115.9 24.9 L 120.0 28.0","searchText":"crude oil days of supply how many days of crude oil supply does the u.s. hold, and where does that sit seasonally? seasonalreference(t) = same eia week (±1 week) in the five complete years before t; average/min/max of the per-year values crude-inventory-days-supply crude inventory days supply  eia-crude-inventories weekly w_epc0_vsd_nus_days days of supply w_epc0_vsd_nus_days#seasonalavg five-year average w_epc0_vsd_nus_days#seasonallow five-year minimum w_epc0_vsd_nus_days#seasonalhigh five-year maximum w_epc0_vsd_nus_days w_epc0_vsd_nus_days#seasonalavg w_epc0_vsd_nus_days#seasonallow w_epc0_vsd_nus_days#seasonalhigh"},{"slug":"us-crude-production","title":"U.S. crude oil production","question":"Where does weekly U.S. crude oil production sit relative to its five-year seasonal average?","href":"/benchmarks/us-crude-production","cluster":"eia-crude-supply","clusterLabel":"Crude oil supply and trade","frequency":"weekly","source":"EIA","latestLabel":"13804.00","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.1%","value":0.05798782255725943,"tone":"up","isPercent":true},"change1Y":{"label":"+3.9%","value":3.9144835892803265,"tone":"up","isPercent":true},"change5Y":{"label":"+23.2%","value":23.249999999999993,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":27,"surpriseLabel":"27th pct move","isFresh":true,"sparkPath":"M 0.0 26.9 L 4.1 28.0 L 8.3 24.7 L 12.4 24.7 L 16.6 21.4 L 20.7 19.2 L 24.8 19.2 L 29.0 21.4 L 33.1 19.2 L 37.2 18.1 L 41.4 17.0 L 45.5 17.0 L 49.7 10.5 L 53.8 7.2 L 57.9 6.1 L 62.1 8.3 L 66.2 8.3 L 70.3 6.1 L 74.5 7.2 L 78.6 3.9 L 82.8 6.7 L 86.9 3.0 L 91.0 4.9 L 95.2 6.2 L 99.3 2.5 L 103.4 0.0 L 107.6 1.5 L 111.7 2.8 L 115.9 0.5 L 120.0 0.5","searchText":"u.s. crude oil production where does weekly u.s. crude oil production sit relative to its five-year seasonal average? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-crude-production us crude production  eia-crude-supply weekly wcrfpus2 u.s. crude production wcrfpus2#seasonalavg five-year average wcrfpus2 wcrfpus2#seasonalavg"},{"slug":"us-refinery-crude-inputs","title":"U.S. refinery crude inputs","question":"Where do weekly crude inputs into U.S. refineries sit relative to their five-year seasonal average?","href":"/benchmarks/us-refinery-crude-inputs","cluster":"eia-refining","clusterLabel":"Refining","frequency":"weekly","source":"EIA","latestLabel":"17381.00","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−0.8%","value":-0.7820527457472304,"tone":"down","isPercent":true},"change1Y":{"label":"−0.8%","value":-0.8047026595137563,"tone":"down","isPercent":true},"change5Y":{"label":"+5.1%","value":5.05288606829859,"tone":"up","isPercent":true},"percentileLabel":"96th","percentileValue":96,"surpriseValue":39,"surpriseLabel":"39th pct move","isFresh":true,"sparkPath":"M 0.0 7.1 L 4.1 19.1 L 8.3 11.3 L 12.4 14.8 L 16.6 11.7 L 20.7 4.2 L 24.8 7.9 L 29.0 11.1 L 33.1 28.0 L 37.2 18.0 L 41.4 9.9 L 45.5 3.5 L 49.7 3.5 L 53.8 15.7 L 57.9 5.3 L 62.1 12.5 L 66.2 5.5 L 70.3 6.5 L 74.5 7.6 L 78.6 8.3 L 82.8 19.4 L 86.9 15.3 L 91.0 2.9 L 95.2 0.0 L 99.3 6.6 L 103.4 3.3 L 107.6 11.3 L 111.7 11.0 L 115.9 0.9 L 120.0 1.2","searchText":"u.s. refinery crude inputs where do weekly crude inputs into u.s. refineries sit relative to their five-year seasonal average? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-refinery-crude-inputs us refinery crude inputs  eia-refining weekly wgirius2 refinery crude inputs wgirius2#seasonalavg five-year average wgirius2 wgirius2#seasonalavg"},{"slug":"us-refinery-utilisation","title":"U.S. refinery utilization","question":"How hard are U.S. refineries running relative to their five-year seasonal norm?","href":"/benchmarks/us-refinery-utilisation","cluster":"eia-refining","clusterLabel":"Refining","frequency":"weekly","source":"EIA","latestLabel":"96.5","latestUnit":"Percent","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−0.7%","value":-0.7201646090534974,"tone":"down","isPercent":true},"change1Y":{"label":"−0.4%","value":-0.41279669762642746,"tone":"down","isPercent":true},"change5Y":{"label":"+5.7%","value":5.6955093099671394,"tone":"up","isPercent":true},"percentileLabel":"96th","percentileValue":96,"surpriseValue":35,"surpriseLabel":"35th pct move","isFresh":true,"sparkPath":"M 0.0 7.6 L 4.1 19.7 L 8.3 11.8 L 12.4 15.4 L 16.6 10.7 L 20.7 3.1 L 24.8 6.8 L 29.0 10.2 L 33.1 28.0 L 37.2 17.6 L 41.4 9.5 L 45.5 5.2 L 49.7 5.2 L 53.8 17.5 L 57.9 7.0 L 62.1 14.7 L 66.2 8.4 L 70.3 8.6 L 74.5 9.7 L 78.6 10.4 L 82.8 21.7 L 86.9 17.6 L 91.0 5.7 L 95.2 0.0 L 99.3 7.3 L 103.4 3.9 L 107.6 12.1 L 111.7 11.8 L 115.9 0.3 L 120.0 0.6","searchText":"u.s. refinery utilization how hard are u.s. refineries running relative to their five-year seasonal norm? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-refinery-utilisation us refinery utilisation  eia-refining weekly wpuleus3 refinery utilization wpuleus3#seasonalavg five-year average wpuleus3 wpuleus3#seasonalavg"},{"slug":"us-gasoline-demand","title":"U.S. gasoline demand","question":"Where does U.S. gasoline demand sit relative to its five-year seasonal average?","href":"/benchmarks/us-gasoline-demand","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"8965.75","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.5%","value":0.5213442834319126,"tone":"up","isPercent":true},"change1Y":{"label":"+0.6%","value":0.6031193895870812,"tone":"up","isPercent":true},"change5Y":{"label":"−4.8%","value":-4.817134667445188,"tone":"down","isPercent":true},"percentileLabel":"61st","percentileValue":61,"surpriseValue":40,"surpriseLabel":"40th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 1.3 L 8.3 9.6 L 12.4 19.1 L 16.6 17.2 L 20.7 12.5 L 24.8 13.8 L 29.0 19.3 L 33.1 23.5 L 37.2 17.5 L 41.4 11.1 L 45.5 4.8 L 49.7 13.1 L 53.8 10.8 L 57.9 24.1 L 62.1 14.7 L 66.2 13.1 L 70.3 4.7 L 74.5 14.3 L 78.6 15.8 L 82.8 27.1 L 86.9 15.8 L 91.0 15.7 L 95.2 12.9 L 99.3 15.4 L 103.4 22.2 L 107.6 28.0 L 111.7 15.1 L 115.9 12.0 L 120.0 11.6","searchText":"u.s. gasoline demand where does u.s. gasoline demand sit relative to its five-year seasonal average? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-gasoline-demand us gasoline demand  eia-products weekly wgfupus2 gasoline demand (4-week avg) wgfupus2#seasonalavg five-year average wgfupus2 wgfupus2#seasonalavg"},{"slug":"us-distillate-demand","title":"U.S. distillate demand","question":"Where does U.S. distillate demand sit relative to its five-year seasonal average?","href":"/benchmarks/us-distillate-demand","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"3584.75","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−2.5%","value":-2.4889493369602222,"tone":"down","isPercent":true},"change1Y":{"label":"+1.8%","value":1.7599886452345448,"tone":"up","isPercent":true},"change5Y":{"label":"−4.8%","value":-4.8064794529642185,"tone":"down","isPercent":true},"percentileLabel":"30th","percentileValue":30,"surpriseValue":69,"surpriseLabel":"69th pct move","isFresh":true,"sparkPath":"M 0.0 10.9 L 4.1 7.1 L 8.3 7.5 L 12.4 0.0 L 16.6 20.1 L 20.7 20.7 L 24.8 17.8 L 29.0 6.9 L 33.1 22.5 L 37.2 18.4 L 41.4 15.6 L 45.5 25.4 L 49.7 18.7 L 53.8 10.0 L 57.9 28.0 L 62.1 20.2 L 66.2 19.4 L 70.3 21.3 L 74.5 15.8 L 78.6 18.5 L 82.8 13.9 L 86.9 16.9 L 91.0 24.2 L 95.2 25.2 L 99.3 16.2 L 103.4 19.8 L 107.6 8.6 L 111.7 14.8 L 115.9 19.0 L 120.0 23.4","searchText":"u.s. distillate demand where does u.s. distillate demand sit relative to its five-year seasonal average? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-distillate-demand us distillate demand  eia-products weekly wdiupus2 distillate demand (4-week avg) wdiupus2#seasonalavg five-year average wdiupus2 wdiupus2#seasonalavg"},{"slug":"us-jet-fuel-demand","title":"U.S. jet-fuel demand","question":"Where does U.S. jet-fuel demand sit relative to its five-year seasonal average?","href":"/benchmarks/us-jet-fuel-demand","cluster":"eia-products","clusterLabel":"Product inventories and demand","frequency":"weekly","source":"EIA","latestLabel":"1840.75","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−5.0%","value":-5.018059855521151,"tone":"down","isPercent":true},"change1Y":{"label":"+3.6%","value":3.6020824539186647,"tone":"up","isPercent":true},"change5Y":{"label":"+17.6%","value":17.638600415401818,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":92,"surpriseLabel":"92nd pct move","isFresh":true,"sparkPath":"M 0.0 20.7 L 4.1 27.7 L 8.3 25.0 L 12.4 28.0 L 16.6 22.1 L 20.7 21.3 L 24.8 10.2 L 29.0 26.6 L 33.1 17.2 L 37.2 26.6 L 41.4 13.9 L 45.5 6.6 L 49.7 8.3 L 53.8 5.8 L 57.9 21.0 L 62.1 17.9 L 66.2 16.2 L 70.3 9.3 L 74.5 12.7 L 78.6 6.4 L 82.8 20.2 L 86.9 11.6 L 91.0 12.0 L 95.2 4.7 L 99.3 14.9 L 103.4 8.8 L 107.6 21.8 L 111.7 8.6 L 115.9 3.6 L 120.0 0.0","searchText":"u.s. jet-fuel demand where does u.s. jet-fuel demand sit relative to its five-year seasonal average? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-jet-fuel-demand us jet fuel demand  eia-products weekly wkjupus2 jet-fuel demand (4-week avg) wkjupus2#seasonalavg five-year average wkjupus2 wkjupus2#seasonalavg"},{"slug":"us-electricity-demand-pressure","title":"U.S. electricity demand pressure","question":"How far is seven-day average US48 electricity demand from its five-year seasonal norm?","href":"/benchmarks/us-electricity-demand-pressure","cluster":"eia-demand-and-stress","clusterLabel":"Demand pressure and stress","frequency":"daily","source":"EIA","latestLabel":"14507.53","latestUnit":"Gigawatthours","latestDate":"2026-08-10","asOf":"10 Aug 2026","changeLatest":{"label":"+0.8%","value":0.795323762279021,"tone":"up","isPercent":true},"change1Y":{"label":"+7.4%","value":7.400186364734185,"tone":"up","isPercent":true},"change5Y":{"label":"+12.9%","value":12.929206916935932,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":65,"surpriseLabel":"65th pct move","isFresh":true,"sparkPath":"M 0.0 23.2 L 3.8 27.7 L 7.5 24.3 L 11.3 13.2 L 15.0 7.3 L 18.8 17.9 L 22.5 26.8 L 26.3 22.1 L 30.0 15.0 L 33.8 21.9 L 37.5 28.0 L 41.3 24.3 L 45.0 6.5 L 48.8 4.8 L 52.5 16.8 L 56.3 26.8 L 60.0 24.3 L 63.8 12.1 L 67.5 13.9 L 71.3 26.4 L 75.0 25.6 L 78.8 12.8 L 82.5 1.8 L 86.3 15.6 L 90.0 23.8 L 93.8 23.3 L 97.5 17.5 L 101.3 15.3 L 105.0 22.5 L 108.8 25.3 L 112.5 7.2 L 116.3 0.1 L 120.0 0.0","searchText":"u.s. electricity demand pressure how far is seven-day average us48 electricity demand from its five-year seasonal norm? seasonalaverage(t) = mean of same eia week (±1 week) in the five complete years before t us-electricity-demand-pressure us electricity demand pressure  eia-demand-and-stress daily us48-demand us48 demand (7-day avg) us48-demand#seasonalavg five-year average us48-demand us48-demand#seasonalavg"},{"slug":"crude-production-vs-refinery-inputs","title":"U.S. crude production vs refinery inputs","question":"Is U.S. crude production running ahead of or behind refinery demand?","href":"/benchmarks/crude-production-vs-refinery-inputs","cluster":"eia-crude-supply","clusterLabel":"Crude oil supply and trade","frequency":"weekly","source":"EIA","latestLabel":"13804.00","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.1%","value":0.05798782255725943,"tone":"up","isPercent":true},"change1Y":{"label":"+3.9%","value":3.9144835892803265,"tone":"up","isPercent":true},"change5Y":{"label":"+23.2%","value":23.249999999999993,"tone":"up","isPercent":true},"percentileLabel":"99th","percentileValue":99,"surpriseValue":27,"surpriseLabel":"27th pct move","isFresh":true,"sparkPath":"M 0.0 26.9 L 4.1 28.0 L 8.3 24.7 L 12.4 24.7 L 16.6 21.4 L 20.7 19.2 L 24.8 19.2 L 29.0 21.4 L 33.1 19.2 L 37.2 18.1 L 41.4 17.0 L 45.5 17.0 L 49.7 10.5 L 53.8 7.2 L 57.9 6.1 L 62.1 8.3 L 66.2 8.3 L 70.3 6.1 L 74.5 7.2 L 78.6 3.9 L 82.8 6.7 L 86.9 3.0 L 91.0 4.9 L 95.2 6.2 L 99.3 2.5 L 103.4 0.0 L 107.6 1.5 L 111.7 2.8 L 115.9 0.5 L 120.0 0.5","searchText":"u.s. crude production vs refinery inputs is u.s. crude production running ahead of or behind refinery demand? production minus runs = crude production − refinery crude inputs, in thousand barrels per day crude-production-vs-refinery-inputs crude production vs refinery inputs  eia-crude-supply weekly wcrfpus2 crude production wgirius2 refinery crude inputs wcrfpus2 wgirius2"},{"slug":"us-crude-imports-vs-exports","title":"U.S. crude oil imports vs exports","question":"How much crude oil is the U.S. importing versus exporting?","href":"/benchmarks/us-crude-imports-vs-exports","cluster":"eia-crude-supply","clusterLabel":"Crude oil supply and trade","frequency":"weekly","source":"EIA","latestLabel":"6198.00","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+9.1%","value":9.062115080063338,"tone":"up","isPercent":true},"change1Y":{"label":"+4.0%","value":3.9584032203958452,"tone":"up","isPercent":true},"change5Y":{"label":"−3.6%","value":-3.6380597014925353,"tone":"down","isPercent":true},"percentileLabel":"15th","percentileValue":15,"surpriseValue":69,"surpriseLabel":"69th pct move","isFresh":true,"sparkPath":"M 0.0 14.1 L 4.1 20.1 L 8.3 15.9 L 12.4 8.6 L 16.6 18.8 L 20.7 18.1 L 24.8 18.6 L 29.0 15.8 L 33.1 21.4 L 37.2 15.0 L 41.4 23.2 L 45.5 19.5 L 49.7 0.0 L 53.8 13.8 L 57.9 1.9 L 62.1 14.9 L 66.2 10.5 L 70.3 8.1 L 74.5 12.9 L 78.6 17.1 L 82.8 13.0 L 86.9 12.8 L 91.0 14.1 L 95.2 18.5 L 99.3 13.5 L 103.4 11.4 L 107.6 8.9 L 111.7 26.2 L 115.9 28.0 L 120.0 15.8","searchText":"u.s. crude oil imports vs exports how much crude oil is the u.s. importing versus exporting? net crude imports = crude oil imports − crude oil exports, in thousand barrels per day us-crude-imports-vs-exports us crude imports vs exports  eia-crude-supply weekly wcrimus2 crude oil imports wcrexus2 crude oil exports wcrimus2 wcrexus2"},{"slug":"us-petroleum-trade-balance","title":"U.S. petroleum trade balance","question":"Is the U.S. a net importer or net exporter of petroleum overall?","href":"/benchmarks/us-petroleum-trade-balance","cluster":"eia-crude-supply","clusterLabel":"Crude oil supply and trade","frequency":"weekly","source":"EIA","latestLabel":"7619.00","latestUnit":"Thousand Barrels per Day","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+2.7%","value":2.681940700808627,"tone":"up","isPercent":true},"change1Y":{"label":"+1.9%","value":1.8991574160759583,"tone":"up","isPercent":true},"change5Y":{"label":"−11.6%","value":-11.571494893221912,"tone":"down","isPercent":true},"percentileLabel":"7th","percentileValue":7,"surpriseValue":27,"surpriseLabel":"27th pct move","isFresh":true,"sparkPath":"M 0.0 7.7 L 4.1 17.2 L 8.3 10.1 L 12.4 6.8 L 16.6 11.1 L 20.7 11.1 L 24.8 15.7 L 29.0 13.6 L 33.1 19.7 L 37.2 10.8 L 41.4 18.3 L 45.5 16.8 L 49.7 0.0 L 53.8 14.3 L 57.9 0.9 L 62.1 17.2 L 66.2 7.2 L 70.3 6.2 L 74.5 15.8 L 78.6 16.2 L 82.8 13.5 L 86.9 12.1 L 91.0 12.2 L 95.2 19.6 L 99.3 12.8 L 103.4 10.4 L 107.6 13.4 L 111.7 27.0 L 115.9 28.0 L 120.0 18.2","searchText":"u.s. petroleum trade balance is the u.s. a net importer or net exporter of petroleum overall? net petroleum imports = petroleum imports − petroleum exports, in thousand barrels per day us-petroleum-trade-balance us petroleum trade balance  eia-crude-supply weekly wttimus2 petroleum imports wttexus2 petroleum exports wttimus2 wttexus2"},{"slug":"strategic-petroleum-reserve","title":"Strategic Petroleum Reserve crude stocks","question":"How much crude oil does the U.S. hold in the Strategic Petroleum Reserve?","href":"/benchmarks/strategic-petroleum-reserve","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"304.81","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−0.9%","value":-0.9234519746464942,"tone":"down","isPercent":true},"change1Y":{"label":"−24.4%","value":-24.360507821805754,"tone":"down","isPercent":true},"change5Y":{"label":"−50.9%","value":-50.940441394228905,"tone":"down","isPercent":true},"percentileLabel":"1st","percentileValue":1,"surpriseValue":98,"surpriseLabel":"98th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 0.5 L 8.3 2.2 L 12.4 3.4 L 16.6 6.0 L 20.7 10.9 L 24.8 15.2 L 29.0 19.6 L 33.1 22.0 L 37.2 22.1 L 41.4 22.9 L 45.5 24.3 L 49.7 23.9 L 53.8 23.9 L 57.9 23.5 L 62.1 22.9 L 66.2 22.3 L 70.3 21.8 L 74.5 21.2 L 78.6 20.4 L 82.8 20.0 L 86.9 19.9 L 91.0 19.4 L 95.2 19.3 L 99.3 19.0 L 103.4 18.5 L 107.6 18.2 L 111.7 18.8 L 115.9 24.9 L 120.0 28.0","searchText":"strategic petroleum reserve crude stocks how much crude oil does the u.s. hold in the strategic petroleum reserve? spr level (eia wcsstus1); distance from extreme = current level − full-sample minimum strategic-petroleum-reserve strategic petroleum reserve  eia-crude-inventories weekly wcsstus1 spr crude stocks wcsstus1#alltimelow all-time low wcsstus1 wcsstus1#alltimelow"},{"slug":"total-us-crude-inventory","title":"Total U.S. crude oil inventory","question":"How much crude oil does the U.S. hold in total. Commercial plus the Strategic Petroleum Reserve?","href":"/benchmarks/total-us-crude-inventory","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"711.80","latestUnit":"Million Barrels","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−0.1%","value":-0.05083141662383106,"tone":"down","isPercent":true},"change1Y":{"label":"−13.9%","value":-13.892659180923205,"tone":"down","isPercent":true},"change5Y":{"label":"−32.9%","value":-32.88292917968296,"tone":"down","isPercent":true},"percentileLabel":"3rd","percentileValue":3,"surpriseValue":7,"surpriseLabel":"7th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.1 1.2 L 8.3 3.0 L 12.4 4.7 L 16.6 7.3 L 20.7 11.6 L 24.8 15.3 L 29.0 17.9 L 33.1 21.4 L 37.2 16.8 L 41.4 18.8 L 45.5 20.4 L 49.7 23.2 L 53.8 21.6 L 57.9 22.0 L 62.1 20.2 L 66.2 18.6 L 70.3 20.0 L 74.5 21.3 L 78.6 19.3 L 82.8 20.0 L 86.9 17.9 L 91.0 17.8 L 95.2 18.7 L 99.3 18.6 L 103.4 17.8 L 107.6 17.3 L 111.7 14.9 L 115.9 24.2 L 120.0 28.0","searchText":"total u.s. crude oil inventory how much crude oil does the u.s. hold in total. commercial plus the strategic petroleum reserve? total = commercial + spr (eia wcrstus1 ≈ wcestus1 + wcsstus1) total-us-crude-inventory total us crude inventory  eia-crude-inventories weekly wcrstus1 total crude stocks wcestus1 commercial crude stocks wcsstus1 spr crude stocks wcrstus1 wcestus1 wcsstus1"},{"slug":"regional-crude-inventory-tightness","title":"Regional crude oil inventory tightness","question":"How tight are crude oil inventories across the five PADD regions?","href":"/benchmarks/regional-crude-inventory-tightness","cluster":"eia-crude-inventories","clusterLabel":"Crude oil inventories","frequency":"weekly","source":"EIA","latestLabel":"5.8","latestUnit":"% deviation","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"−2.2 pp","value":-2.2434890189238743,"tone":"down","isPercent":false},"change1Y":{"label":"−0.4 pp","value":-0.4250386756577509,"tone":"down","isPercent":false},"change5Y":{"label":"−5.2 pp","value":-5.232453894188206,"tone":"down","isPercent":false},"percentileLabel":"78th","percentileValue":78,"surpriseValue":80,"surpriseLabel":"80th pct move","isFresh":true,"sparkPath":"M 0.0 10.8 L 4.1 11.6 L 8.3 8.8 L 12.4 10.8 L 16.6 1.8 L 20.7 0.0 L 24.8 10.2 L 29.0 14.4 L 33.1 13.0 L 37.2 25.1 L 41.4 23.8 L 45.5 18.1 L 49.7 16.2 L 53.8 19.5 L 57.9 21.1 L 62.1 23.3 L 66.2 15.1 L 70.3 13.3 L 74.5 16.9 L 78.6 20.5 L 82.8 17.1 L 86.9 21.5 L 91.0 18.8 L 95.2 18.0 L 99.3 14.5 L 103.4 21.9 L 107.6 23.7 L 111.7 28.0 L 115.9 18.1 L 120.0 18.7","searchText":"regional crude oil inventory tightness how tight are crude oil inventories across the five padd regions? tightnesspct_i = (fiveyearavg_i − current_i) / fiveyearavg_i × 100; composite = equal-weight mean of tightnesspct_i (positive = tight) regional-crude-inventory-tightness regional crude inventory tightness  eia-crude-inventories weekly composite:overall overall tightness padd1 east coast (padd 1) padd2 midwest (padd 2) padd3 gulf coast (padd 3) padd4 rocky mountain (padd 4) padd5 west coast (padd 5) composite:overall padd1 padd2 padd3 padd4 padd5"},{"slug":"regional-natural-gas-storage-tightness","title":"Regional natural-gas storage tightness","question":"How tight is natural-gas storage across the five reporting regions?","href":"/benchmarks/regional-natural-gas-storage-tightness","cluster":"eia-natural-gas","clusterLabel":"Natural gas","frequency":"weekly","source":"EIA","latestLabel":"-8.6","latestUnit":"% deviation","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+0.4 pp","value":0.3623819727731483,"tone":"up","isPercent":false},"change1Y":{"label":"+0.8 pp","value":0.8173051278803296,"tone":"up","isPercent":false},"change5Y":{"label":"−14.4 pp","value":-14.42131582264313,"tone":"down","isPercent":false},"percentileLabel":"32nd","percentileValue":32,"surpriseValue":25,"surpriseLabel":"25th pct move","isFresh":true,"sparkPath":"M 0.0 4.5 L 4.1 4.7 L 8.3 5.6 L 12.4 1.8 L 16.6 0.0 L 20.7 1.9 L 24.8 1.8 L 29.0 4.6 L 33.1 1.0 L 37.2 9.2 L 41.4 11.2 L 45.5 11.7 L 49.7 10.5 L 53.8 10.7 L 57.9 14.4 L 62.1 28.0 L 66.2 22.4 L 70.3 15.7 L 74.5 11.7 L 78.6 12.2 L 82.8 10.5 L 86.9 9.7 L 91.0 10.9 L 95.2 11.0 L 99.3 9.4 L 103.4 9.8 L 107.6 10.9 L 111.7 14.1 L 115.9 11.5 L 120.0 10.7","searchText":"regional natural-gas storage tightness how tight is natural-gas storage across the five reporting regions? tightnesspct_i = (fiveyearavg_i − current_i) / fiveyearavg_i × 100; composite = equal-weight mean of tightnesspct_i (positive = tight) regional-natural-gas-storage-tightness regional natural gas storage tightness  eia-natural-gas weekly composite:overall overall tightness east east midwest midwest mountain mountain pacific pacific southcentral south central composite:overall east midwest mountain pacific southcentral"},{"slug":"natural-gas-storage-injection-pace","title":"Natural-gas storage injection pace","question":"Is the weekly build into natural-gas storage running ahead of or behind its seasonal norm?","href":"/benchmarks/natural-gas-storage-injection-pace","cluster":"eia-natural-gas","clusterLabel":"Natural gas","frequency":"weekly","source":"EIA","latestLabel":"33.00","latestUnit":"Billion Cubic Feet","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"+5.00 Billion Cubic Feet","value":5,"tone":"up","isPercent":false},"change1Y":{"label":"+26.00 Billion Cubic Feet","value":26,"tone":"up","isPercent":false},"change5Y":{"label":"+20.00 Billion Cubic Feet","value":20,"tone":"up","isPercent":false},"percentileLabel":"48th","percentileValue":48,"surpriseValue":13,"surpriseLabel":"13th pct move","isFresh":true,"sparkPath":"M 0.0 4.8 L 4.1 1.9 L 8.3 11.2 L 12.4 15.9 L 16.6 5.2 L 20.7 2.5 L 24.8 3.9 L 29.0 0.9 L 33.1 21.7 L 37.2 13.0 L 41.4 2.8 L 45.5 4.6 L 49.7 4.1 L 53.8 3.9 L 57.9 17.4 L 62.1 7.3 L 66.2 2.7 L 70.3 6.3 L 74.5 4.7 L 78.6 7.8 L 82.8 28.0 L 86.9 5.9 L 91.0 0.0 L 95.2 7.3 L 99.3 2.7 L 103.4 19.0 L 107.6 23.6 L 111.7 3.9 L 115.9 3.1 L 120.0 5.6","searchText":"natural-gas storage injection pace is the weekly build into natural-gas storage running ahead of or behind its seasonal norm? weeklychange = storage_t − storage_{t−1}; pace gap = weeklychange − sameweekfiveyearaveragechange natural-gas-storage-injection-pace natural gas storage injection pace  eia-natural-gas weekly storage-change weekly storage change storage-change#seasonalavg five-year average change storage-change storage-change#seasonalavg"},{"slug":"us-energy-inventory-stress","title":"U.S. energy inventory stress","question":"How tight are U.S. energy inventories overall, across crude, gasoline, distillate and natural gas?","href":"/benchmarks/us-energy-inventory-stress","cluster":"eia-demand-and-stress","clusterLabel":"Demand pressure and stress","frequency":"weekly","source":"EIA","latestLabel":"74.88","latestUnit":"index (0-100)","latestDate":"2026-07-31","asOf":"31 July 2026","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"+36.1%","value":36.13636363636363,"tone":"up","isPercent":true},"change5Y":{"label":"+67.0%","value":66.95101351351347,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 20.4 L 4.3 12.0 L 8.6 13.6 L 12.9 8.7 L 17.1 8.7 L 21.4 4.0 L 25.7 4.0 L 30.0 2.8 L 34.3 2.5 L 38.6 20.5 L 42.9 13.9 L 47.1 16.3 L 51.4 13.4 L 55.7 14.8 L 60.0 28.0 L 64.3 21.2 L 68.6 22.4 L 72.9 23.6 L 77.1 15.5 L 81.4 17.8 L 85.7 13.5 L 90.0 16.9 L 94.3 11.3 L 98.6 13.5 L 102.9 15.7 L 107.1 14.6 L 111.4 18.0 L 115.7 18.0 L 120.0 0.0","searchText":"u.s. energy inventory stress how tight are u.s. energy inventories overall, across crude, gasoline, distillate and natural gas? stress_i = 100 − trailingseasonalpercentile_i (0-100); overall = mean(stress_crude, stress_gasoline, stress_distillate, stress_naturalgas) us-energy-inventory-stress us energy inventory stress  eia-demand-and-stress weekly composite:overall overall stress crude crude gasoline gasoline distillate distillate naturalgas natural gas composite:overall crude gasoline distillate naturalgas"},{"slug":"us-lng-export-intensity","title":"U.S. LNG export intensity","question":"What share of U.S. dry gas production is exported as LNG?","href":"/benchmarks/us-lng-export-intensity","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"EIA","latestLabel":"16.22","latestUnit":"Bcf/day","latestDate":"2026-05-01","asOf":"May 2026","changeLatest":{"label":"−9.5%","value":-9.544581871353452,"tone":"down","isPercent":true},"change1Y":{"label":"+15.5%","value":15.509834642015342,"tone":"up","isPercent":true},"change5Y":{"label":"+59.7%","value":59.662392592451454,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":46,"surpriseLabel":"46th pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 4.0 26.3 L 8.0 26.3 L 12.0 21.7 L 16.0 21.2 L 20.0 22.1 L 24.0 25.1 L 28.0 26.1 L 32.0 25.1 L 36.0 22.2 L 40.0 20.2 L 44.0 17.5 L 48.0 22.3 L 52.0 21.0 L 56.0 17.9 L 60.0 14.2 L 64.0 17.9 L 68.0 24.8 L 72.0 19.5 L 76.0 19.9 L 80.0 18.7 L 84.0 15.4 L 88.0 11.3 L 92.0 10.3 L 96.0 14.5 L 100.0 11.5 L 104.0 6.4 L 108.0 0.0 L 112.0 2.2 L 116.0 1.3 L 120.0 6.4","searchText":"u.s. lng export intensity what share of u.s. dry gas production is exported as lng? lngexports / drygasproduction x 100 us-lng-export-intensity us lng export intensity   monthly lng-exports lng exports dry-gas dry gas production lng-share lng export share lng-exports dry-gas lng-share"},{"slug":"natural-gas-supply-vs-consumption","title":"U.S. natural gas supply vs consumption","question":"Is U.S. dry gas production keeping up with domestic consumption?","href":"/benchmarks/natural-gas-supply-vs-consumption","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"EIA","latestLabel":"110.26","latestUnit":"Bcf/day","latestDate":"2026-05-01","asOf":"May 2026","changeLatest":{"label":"−0.6%","value":-0.6087158808932958,"tone":"down","isPercent":true},"change1Y":{"label":"+3.5%","value":3.513022410660205,"tone":"up","isPercent":true},"change5Y":{"label":"+17.0%","value":17.014720985963727,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":39,"surpriseLabel":"39th pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 4.0 26.2 L 8.0 22.8 L 12.0 19.7 L 16.0 24.5 L 20.0 20.5 L 24.0 19.9 L 28.0 17.6 L 32.0 15.5 L 36.0 17.6 L 40.0 15.7 L 44.0 14.7 L 48.0 15.3 L 52.0 13.1 L 56.0 12.6 L 60.0 9.9 L 64.0 11.1 L 68.0 16.2 L 72.0 14.0 L 76.0 13.5 L 80.0 12.4 L 84.0 9.4 L 88.0 10.7 L 92.0 7.5 L 96.0 6.5 L 100.0 4.7 L 104.0 6.8 L 108.0 0.0 L 112.0 1.5 L 116.0 1.1 L 120.0 2.1","searchText":"u.s. natural gas supply vs consumption is u.s. dry gas production keeping up with domestic consumption? balance = dryproduction - totalconsumption, in bcf/day natural-gas-supply-vs-consumption natural gas supply vs consumption   monthly dry-gas-prod dry gas production gas-cons total consumption dry-gas-prod gas-cons"},{"slug":"us-electricity-generation-mix","title":"U.S. electricity generation mix","question":"How is U.S. electricity generation split across major fuels?","href":"/benchmarks/us-electricity-generation-mix","cluster":null,"clusterLabel":null,"frequency":"daily","source":"EIA","latestLabel":"44.2","latestUnit":"%","latestDate":"2026-08-10","asOf":"10 Aug 2026","changeLatest":{"label":"+0.6%","value":0.5557372696781471,"tone":"up","isPercent":true},"change1Y":{"label":"+3.2%","value":3.196958645147374,"tone":"up","isPercent":true},"change5Y":{"label":"+13.6%","value":13.552712790018173,"tone":"up","isPercent":true},"percentileLabel":"92nd","percentileValue":92,"surpriseValue":38,"surpriseLabel":"38th pct move","isFresh":true,"sparkPath":"M 0.0 14.8 L 3.8 19.0 L 7.5 11.8 L 11.3 9.9 L 15.0 3.5 L 18.8 1.2 L 22.5 13.6 L 26.3 12.2 L 30.0 24.7 L 33.8 15.4 L 37.5 20.7 L 41.3 14.6 L 45.0 13.0 L 48.8 3.0 L 52.5 0.0 L 56.3 17.2 L 60.0 19.5 L 63.8 19.9 L 67.5 20.9 L 71.3 28.0 L 75.0 21.0 L 78.8 14.9 L 82.5 9.3 L 86.3 3.0 L 90.0 13.9 L 93.8 20.2 L 97.5 26.5 L 101.3 23.4 L 105.0 28.0 L 108.8 22.0 L 112.5 17.8 L 116.3 7.7 L 120.0 5.8","searchText":"u.s. electricity generation mix how is u.s. electricity generation split across major fuels? seven-day generation shares using the all-fuel denominator us-electricity-generation-mix us electricity generation mix   daily natural-gas-share natural gas coal-share coal nuclear-share nuclear wind-solar-share wind + solar gas-coal-spread gas–coal spread natural-gas-share coal-share nuclear-share wind-solar-share gas-coal-spread"},{"slug":"us-nuclear-outage-rate","title":"U.S. nuclear outage rate","question":"How much U.S. nuclear capacity is currently offline?","href":"/benchmarks/us-nuclear-outage-rate","cluster":null,"clusterLabel":null,"frequency":"daily","source":"EIA","latestLabel":"2.9","latestUnit":"%","latestDate":"2026-08-11","asOf":"11 Aug 2026","changeLatest":{"label":"−2.1%","value":-2.1241981087008366,"tone":"down","isPercent":true},"change1Y":{"label":"−1.6%","value":-1.5821690192713178,"tone":"down","isPercent":true},"change5Y":{"label":"+48.7%","value":48.71016762482756,"tone":"up","isPercent":true},"percentileLabel":"15th","percentileValue":15,"surpriseValue":39,"surpriseLabel":"39th pct move","isFresh":true,"sparkPath":"M 0.0 14.9 L 3.8 7.4 L 7.5 9.8 L 11.3 23.1 L 15.0 26.5 L 18.8 21.0 L 22.5 1.1 L 26.3 21.9 L 30.0 23.0 L 33.8 19.5 L 37.5 7.9 L 41.3 8.0 L 45.0 25.4 L 48.8 24.5 L 52.5 15.9 L 56.3 0.8 L 60.0 19.0 L 63.8 26.4 L 67.5 17.6 L 71.3 1.9 L 75.0 4.3 L 78.8 23.7 L 82.5 28.0 L 86.3 25.9 L 90.0 0.0 L 93.8 15.7 L 97.5 25.4 L 101.3 22.0 L 105.0 3.6 L 108.8 2.2 L 112.5 24.7 L 116.3 27.5 L 120.0 25.3","searchText":"u.s. nuclear outage rate how much u.s. nuclear capacity is currently offline? eia nuclear outage percentage with five-year seasonal average us-nuclear-outage-rate us nuclear outage rate   daily nuclear-outage-rate nuclear outage rate nuclear-seasonal-average five-year seasonal average nuclear-outage-rate nuclear-seasonal-average"},{"slug":"us-regional-power-demand-breadth","title":"U.S. regional power-demand breadth","question":"How broad is year-on-year power-demand growth across U.S. balancing authorities?","href":"/benchmarks/us-regional-power-demand-breadth","cluster":null,"clusterLabel":null,"frequency":"daily","source":"EIA","latestLabel":"80.0","latestUnit":"%","latestDate":"2026-08-10","asOf":"10 Aug 2026","changeLatest":{"label":"+8.1%","value":8.108108108108114,"tone":"up","isPercent":true},"change1Y":{"label":"+100.0%","value":100,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"93rd","percentileValue":93,"surpriseValue":53,"surpriseLabel":"53rd pct move","isFresh":true,"sparkPath":"M 0.0 19.6 L 3.9 26.1 L 7.7 19.6 L 11.6 17.7 L 15.5 11.2 L 19.4 14.0 L 23.2 28.0 L 27.1 10.3 L 31.0 10.3 L 34.8 9.3 L 38.7 0.2 L 42.6 5.6 L 46.5 0.0 L 50.3 20.5 L 54.2 7.5 L 58.1 1.9 L 61.9 13.1 L 65.8 16.8 L 69.7 4.7 L 73.5 10.6 L 77.4 2.8 L 81.3 5.6 L 85.2 14.0 L 89.0 0.0 L 92.9 13.1 L 96.8 18.7 L 100.6 4.7 L 104.5 13.1 L 108.4 6.8 L 112.3 8.4 L 116.1 9.3 L 120.0 0.9","searchText":"u.s. regional power-demand breadth how broad is year-on-year power-demand growth across u.s. balancing authorities? share of valid balancing authorities with positive yoy demand us-regional-power-demand-breadth us regional power demand breadth   daily demand-breadth demand breadth eligible-ba-count eligible bas contributing-ba-count contributing bas demand-aeci-yoy aeci yoy demand demand-ava-yoy ava yoy demand demand-azps-yoy azps yoy demand demand-banc-yoy banc yoy demand demand-bhba-yoy bhba yoy demand demand-bpat-yoy bpat yoy demand demand-chpd-yoy chpd yoy demand demand-cple-yoy cple yoy demand demand-cplw-yoy cplw yoy demand demand-dopd-yoy dopd yoy demand demand-duk-yoy duk yoy demand demand-epe-yoy epe yoy demand demand-erco-yoy erco yoy demand demand-ciso-yoy ciso yoy demand demand-fmpp-yoy fmpp yoy demand demand-fpc-yoy fpc yoy demand demand-fpl-yoy fpl yoy demand demand-gcpd-yoy gcpd yoy demand demand-gvl-yoy gvl yoy demand demand-hst-yoy hst yoy demand demand-iid-yoy iid yoy demand demand-ipco-yoy ipco yoy demand demand-isne-yoy isne yoy demand demand-jea-yoy jea yoy demand demand-ldwp-yoy ldwp yoy demand demand-lgee-yoy lgee yoy demand demand-miso-yoy miso yoy demand demand-nevp-yoy nevp yoy demand demand-nwmt-yoy nwmt yoy demand demand-nyis-yoy nyis yoy demand demand-pace-yoy pace yoy demand demand-pacw-yoy pacw yoy demand demand-pge-yoy pge yoy demand demand-pjm-yoy pjm yoy demand demand-pnm-yoy pnm yoy demand demand-psco-yoy psco yoy demand demand-psei-yoy psei yoy demand demand-sceg-yoy sceg yoy demand demand-scl-yoy scl yoy demand demand-sec-yoy sec yoy demand demand-soco-yoy soco yoy demand demand-spa-yoy spa yoy demand demand-srp-yoy srp yoy demand demand-swpp-yoy swpp yoy demand demand-swpw-yoy swpw yoy demand demand-tal-yoy tal yoy demand demand-tec-yoy tec yoy demand demand-tepc-yoy tepc yoy demand demand-tidc-yoy tidc yoy demand demand-tpwr-yoy tpwr yoy demand demand-tva-yoy tva yoy demand demand-walc-yoy walc yoy demand demand-breadth eligible-ba-count contributing-ba-count demand-aeci-yoy demand-ava-yoy demand-azps-yoy demand-banc-yoy demand-bhba-yoy demand-bpat-yoy demand-chpd-yoy demand-cple-yoy demand-cplw-yoy demand-dopd-yoy demand-duk-yoy demand-epe-yoy demand-erco-yoy demand-ciso-yoy demand-fmpp-yoy demand-fpc-yoy demand-fpl-yoy demand-gcpd-yoy demand-gvl-yoy demand-hst-yoy demand-iid-yoy demand-ipco-yoy demand-isne-yoy demand-jea-yoy demand-ldwp-yoy demand-lgee-yoy demand-miso-yoy demand-nevp-yoy demand-nwmt-yoy demand-nyis-yoy demand-pace-yoy demand-pacw-yoy demand-pge-yoy demand-pjm-yoy demand-pnm-yoy demand-psco-yoy demand-psei-yoy demand-sceg-yoy demand-scl-yoy demand-sec-yoy demand-soco-yoy demand-spa-yoy demand-srp-yoy demand-swpp-yoy demand-swpw-yoy demand-tal-yoy demand-tec-yoy demand-tepc-yoy demand-tidc-yoy demand-tpwr-yoy demand-tva-yoy demand-walc-yoy"},{"slug":"euro-area-money-growth","title":"Euro-area money growth","question":"Is broad euro liquidity accelerating or contracting?","href":"/benchmarks/euro-area-money-growth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"ECB","latestLabel":"4.7","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−0.2 pp","value":-0.15086774499424305,"tone":"down","isPercent":false},"change1Y":{"label":"−0.1 pp","value":-0.10083802198688208,"tone":"down","isPercent":false},"change5Y":{"label":"−6.2 pp","value":-6.210241102386016,"tone":"down","isPercent":false},"percentileLabel":"21st","percentileValue":21,"surpriseValue":18,"surpriseLabel":"18th pct move","isFresh":true,"sparkPath":"M 0.0 0.7 L 4.0 0.4 L 8.0 0.0 L 12.0 1.8 L 16.0 2.3 L 20.0 3.0 L 24.0 4.0 L 28.0 5.5 L 32.0 7.8 L 36.0 12.0 L 40.0 16.4 L 44.0 20.9 L 48.0 23.8 L 52.0 26.7 L 56.0 28.0 L 60.0 27.1 L 64.0 26.3 L 68.0 22.6 L 72.0 19.7 L 76.0 17.5 L 80.0 14.5 L 84.0 11.9 L 88.0 9.4 L 92.0 8.3 L 96.0 8.3 L 100.0 8.8 L 104.0 8.9 L 108.0 7.5 L 112.0 7.6 L 116.0 8.6 L 120.0 8.8","searchText":"euro-area money growth is broad euro liquidity accelerating or contracting? m3 yoy and m1 yoy euro-area-money-growth euro area money growth   monthly m1-yoy m1 yoy m3-yoy m3 yoy m3-m1-gap m3 minus m1 m1-yoy m3-yoy m3-m1-gap"},{"slug":"euro-area-real-money-growth","title":"Euro-area real money growth","question":"Is euro-area broad money growing faster than prices?","href":"/benchmarks/euro-area-real-money-growth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"ECB","latestLabel":"4.0","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+0.4 pp","value":0.43496706753010095,"tone":"up","isPercent":false},"change1Y":{"label":"+0.6 pp","value":0.5655569319630516,"tone":"up","isPercent":false},"change5Y":{"label":"−3.7 pp","value":-3.745800596678972,"tone":"down","isPercent":false},"percentileLabel":"33rd","percentileValue":33,"surpriseValue":61,"surpriseLabel":"61st pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.0 0.1 L 8.0 0.7 L 12.0 1.8 L 16.0 3.1 L 20.0 4.4 L 24.0 5.1 L 28.0 6.5 L 32.0 5.6 L 36.0 10.2 L 40.0 15.0 L 44.0 18.3 L 48.0 21.3 L 52.0 24.7 L 56.0 28.0 L 60.0 26.6 L 64.0 23.8 L 68.0 19.9 L 72.0 16.9 L 76.0 14.5 L 80.0 12.9 L 84.0 11.7 L 88.0 11.9 L 92.0 11.6 L 96.0 13.9 L 100.0 16.1 L 104.0 15.4 L 108.0 14.4 L 112.0 13.2 L 116.0 13.4 L 120.0 12.1","searchText":"euro-area real money growth is euro-area broad money growing faster than prices? m3 yoy and hicp yoy euro-area-real-money-growth euro area real money growth   monthly m3-yoy m3 yoy hicp-yoy hicp yoy real-m3-growth real m3 growth m3-yoy hicp-yoy real-m3-growth"},{"slug":"euro-area-private-credit-growth","title":"Euro-area private credit growth","question":"How quickly is private credit expanding across the euro area?","href":"/benchmarks/euro-area-private-credit-growth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"ECB","latestLabel":"3.5","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+0.9%","value":0.8564020104226966,"tone":"up","isPercent":true},"change1Y":{"label":"+48.6%","value":48.63428951351387,"tone":"up","isPercent":true},"change5Y":{"label":"−21.4%","value":-21.41079057057713,"tone":"down","isPercent":true},"percentileLabel":"72nd","percentileValue":72,"surpriseValue":10,"surpriseLabel":"10th pct move","isFresh":true,"sparkPath":"M 0.0 2.6 L 4.0 0.0 L 8.0 0.9 L 12.0 0.6 L 16.0 5.8 L 20.0 3.7 L 24.0 1.9 L 28.0 2.4 L 32.0 3.0 L 36.0 5.6 L 40.0 2.1 L 44.0 7.3 L 48.0 12.8 L 52.0 18.4 L 56.0 21.9 L 60.0 24.1 L 64.0 27.5 L 68.0 28.0 L 72.0 27.2 L 76.0 25.8 L 80.0 23.8 L 84.0 21.8 L 88.0 17.8 L 92.0 15.3 L 96.0 12.9 L 100.0 11.4 L 104.0 10.2 L 108.0 6.1 L 112.0 6.0 L 116.0 7.2 L 120.0 7.0","searchText":"euro-area private credit growth how quickly is private credit expanding across the euro area? household, mortgage and nfc loan growth euro-area-private-credit-growth euro area private credit growth   monthly household-loans-yoy household loans yoy mortgages-yoy mortgages yoy nfc-loans-yoy nfc loans yoy private-credit-composite private credit composite household-loans-yoy mortgages-yoy nfc-loans-yoy private-credit-composite"},{"slug":"euro-area-private-deposit-growth","title":"Euro-area private deposit growth","question":"Are household and corporate deposits growing at the same pace?","href":"/benchmarks/euro-area-private-deposit-growth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"ECB","latestLabel":"4.8","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−0.4 pp","value":-0.4427457614629038,"tone":"down","isPercent":false},"change1Y":{"label":"−0.6 pp","value":-0.6288336657698679,"tone":"down","isPercent":false},"change5Y":{"label":"−6.5 pp","value":-6.480282821446902,"tone":"down","isPercent":false},"percentileLabel":"31st","percentileValue":31,"surpriseValue":59,"surpriseLabel":"59th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.0 1.0 L 8.0 1.5 L 12.0 3.4 L 16.0 4.7 L 20.0 5.9 L 24.0 6.7 L 28.0 7.0 L 32.0 8.0 L 36.0 10.6 L 40.0 13.2 L 44.0 17.5 L 48.0 20.7 L 52.0 24.1 L 56.0 26.5 L 60.0 27.6 L 64.0 28.0 L 68.0 25.2 L 72.0 23.0 L 76.0 20.2 L 80.0 17.0 L 84.0 13.9 L 88.0 10.6 L 92.0 8.8 L 96.0 7.9 L 100.0 7.9 L 104.0 8.3 L 108.0 7.2 L 112.0 7.8 L 116.0 8.8 L 120.0 9.5","searchText":"euro-area private deposit growth are household and corporate deposits growing at the same pace? household and nfc deposit growth euro-area-private-deposit-growth euro area private deposit growth   monthly household-deposits-yoy household deposits yoy nfc-deposits-yoy nfc deposits yoy deposit-gap deposit growth gap household-deposits-yoy nfc-deposits-yoy deposit-gap"},{"slug":"euro-area-lending-deposit-growth-gap","title":"Bank lending–deposit growth gap","question":"Is bank lending growing faster than deposits?","href":"/benchmarks/euro-area-lending-deposit-growth-gap","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"ECB","latestLabel":"3.5","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+0.0 pp","value":0.043176852072024374,"tone":"neutral","isPercent":false},"change1Y":{"label":"+1.5 pp","value":1.5104413334753874,"tone":"up","isPercent":false},"change5Y":{"label":"+1.4 pp","value":1.4332139178685255,"tone":"up","isPercent":false},"percentileLabel":"69th","percentileValue":69,"surpriseValue":14,"surpriseLabel":"14th pct move","isFresh":true,"sparkPath":"M 0.0 15.4 L 4.0 14.9 L 8.0 14.1 L 12.0 11.4 L 16.0 16.4 L 20.0 16.5 L 24.0 10.3 L 28.0 5.6 L 32.0 2.0 L 36.0 5.1 L 40.0 0.0 L 44.0 4.8 L 48.0 10.9 L 52.0 18.3 L 56.0 25.7 L 60.0 26.7 L 64.0 28.0 L 68.0 27.6 L 72.0 26.2 L 76.0 24.9 L 80.0 23.3 L 84.0 21.1 L 88.0 17.9 L 92.0 16.7 L 96.0 14.8 L 100.0 14.0 L 104.0 12.8 L 108.0 11.0 L 112.0 9.7 L 116.0 7.3 L 120.0 7.0","searchText":"bank lending–deposit growth gap is bank lending growing faster than deposits? private-loan growth minus private-deposit growth euro-area-lending-deposit-growth-gap euro area lending deposit growth gap   monthly private-loans-yoy private loans yoy private-deposits-yoy private deposits yoy lending-deposit-gap lending–deposit gap private-loans-yoy private-deposits-yoy lending-deposit-gap"},{"slug":"ecb-balance-sheet-to-gdp","title":"ECB balance-sheet burden","question":"How large is the Eurosystem balance sheet relative to euro-area GDP?","href":"/benchmarks/ecb-balance-sheet-to-gdp","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"ECB + Eurostat","latestLabel":"61.9","latestUnit":"% of GDP","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.2%","value":0.181737423078987,"tone":"up","isPercent":true},"change1Y":{"label":"−4.5%","value":-4.4941801691560705,"tone":"down","isPercent":true},"change5Y":{"label":"−34.8%","value":-34.83533957147989,"tone":"down","isPercent":true},"percentileLabel":"68th","percentileValue":68,"surpriseValue":2,"surpriseLabel":"2nd pct move","isFresh":true,"sparkPath":"M 0.0 3.0 L 6.3 1.9 L 12.6 0.0 L 18.9 1.3 L 25.3 2.7 L 31.6 4.0 L 37.9 10.5 L 44.2 13.2 L 50.5 17.8 L 56.8 19.9 L 63.2 21.7 L 69.5 23.1 L 75.8 24.1 L 82.1 24.4 L 88.4 25.8 L 94.7 25.8 L 101.1 27.0 L 107.4 27.3 L 113.7 28.0 L 120.0 27.9","searchText":"ecb balance-sheet burden how large is the eurosystem balance sheet relative to euro-area gdp? quarter-end eurosystem assets divided by rolling gdp ecb-balance-sheet-to-gdp ecb balance sheet to gdp   quarterly assets-to-gdp assets / gdp asset-growth asset growth assets-to-gdp-distance-high distance from historical high assets-to-gdp asset-growth assets-to-gdp-distance-high"},{"slug":"eurosystem-excess-liquidity","title":"Eurosystem excess liquidity","question":"How much excess liquidity is in the euro money market?","href":"/benchmarks/eurosystem-excess-liquidity","cluster":null,"clusterLabel":null,"frequency":"daily","source":"ECB","latestLabel":"2152.44","latestUnit":"EUR bn","latestDate":"2026-08-10","asOf":"10 Aug 2026","changeLatest":{"label":"−0.0%","value":-0.007711583076519535,"tone":"neutral","isPercent":true},"change1Y":{"label":"−19.1%","value":-19.114165505485726,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"2nd","percentileValue":2,"surpriseValue":31,"surpriseLabel":"31st pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 3.9 0.5 L 7.7 0.9 L 11.6 2.9 L 15.5 3.0 L 19.4 1.3 L 23.2 3.1 L 27.1 5.8 L 31.0 4.6 L 34.8 6.1 L 38.7 7.1 L 42.6 9.1 L 46.5 9.0 L 50.3 10.6 L 54.2 12.3 L 58.1 11.1 L 61.9 11.3 L 65.8 12.8 L 69.7 15.7 L 73.5 16.0 L 77.4 17.5 L 81.3 17.4 L 85.2 17.7 L 89.0 18.1 L 92.9 19.9 L 96.8 21.5 L 100.6 22.3 L 104.5 24.4 L 108.4 25.8 L 112.3 27.2 L 116.1 27.5 L 120.0 28.0","searchText":"eurosystem excess liquidity how much excess liquidity is in the euro money market? ecb published excess liquidity eurosystem-excess-liquidity eurosystem excess liquidity   daily excess-liquidity excess liquidity excess-liquidity-distance-high distance from historical high excess-liquidity excess-liquidity-distance-high"},{"slug":"european-house-prices-vs-rents","title":"European house prices vs rents","question":"Have European house prices outpaced rents?","href":"/benchmarks/european-house-prices-vs-rents","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"Eurostat","latestLabel":"169.56","latestUnit":"index","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+1.2%","value":1.1841146465873198,"tone":"up","isPercent":true},"change1Y":{"label":"+5.1%","value":5.129337539432166,"tone":"up","isPercent":true},"change5Y":{"label":"+26.1%","value":26.120193763245524,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":42,"surpriseLabel":"42nd pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 6.3 24.1 L 12.6 21.4 L 18.9 18.7 L 25.3 15.6 L 31.6 14.4 L 37.9 16.3 L 44.2 17.4 L 50.5 16.8 L 56.8 16.0 L 63.2 16.2 L 69.5 15.4 L 75.8 12.7 L 82.1 10.6 L 88.4 9.5 L 94.7 7.4 L 101.1 5.2 L 107.4 2.8 L 113.7 1.8 L 120.0 0.0","searchText":"european house prices vs rents have european house prices outpaced rents? house-price and rent indices rebased to 2015 q1 european-house-prices-vs-rents european house prices vs rents   quarterly house-price-index house prices rent-index rent index price-rent-ratio price/rent ratio house-price-index rent-index price-rent-ratio"},{"slug":"european-house-price-growth-by-country","title":"European house-price growth by country","question":"Which European housing markets are leading or lagging?","href":"/benchmarks/european-house-price-growth-by-country","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"Eurostat","latestLabel":"6.7","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.2 pp","value":0.2018257614152965,"tone":"up","isPercent":false},"change1Y":{"label":"+0.5 pp","value":0.522589449570221,"tone":"up","isPercent":false},"change5Y":{"label":"+0.1 pp","value":0.12941794796896744,"tone":"up","isPercent":false},"percentileLabel":"85th","percentileValue":85,"surpriseValue":19,"surpriseLabel":"19th pct move","isFresh":true,"sparkPath":"M 0.0 10.8 L 6.3 4.9 L 12.6 3.7 L 18.9 0.6 L 25.3 0.0 L 31.6 2.2 L 37.9 15.9 L 44.2 21.1 L 50.5 28.0 L 56.8 27.8 L 63.2 26.1 L 69.5 21.9 L 75.8 16.0 L 82.1 17.2 L 88.4 15.8 L 94.7 17.5 L 101.1 17.9 L 107.4 16.8 L 113.7 16.6 L 120.0 16.1","searchText":"european house-price growth by country which european housing markets are leading or lagging? point-in-time median and country yoy house-price growth european-house-price-growth-by-country european house price growth by country   quarterly eu-house-price-median eu median be-house-price-growth belgium bg-house-price-growth bulgaria cz-house-price-growth czechia dk-house-price-growth denmark de-house-price-growth germany ee-house-price-growth estonia ie-house-price-growth ireland el-house-price-growth greece es-house-price-growth spain fr-house-price-growth france hr-house-price-growth croatia it-house-price-growth italy cy-house-price-growth cyprus lv-house-price-growth latvia lt-house-price-growth lithuania lu-house-price-growth luxembourg hu-house-price-growth hungary mt-house-price-growth malta nl-house-price-growth netherlands at-house-price-growth austria pl-house-price-growth poland pt-house-price-growth portugal ro-house-price-growth romania si-house-price-growth slovenia sk-house-price-growth slovakia fi-house-price-growth finland se-house-price-growth sweden uk-house-price-growth united kingdom eu-house-price-median be-house-price-growth bg-house-price-growth cz-house-price-growth dk-house-price-growth de-house-price-growth ee-house-price-growth ie-house-price-growth el-house-price-growth es-house-price-growth fr-house-price-growth hr-house-price-growth it-house-price-growth cy-house-price-growth lv-house-price-growth lt-house-price-growth lu-house-price-growth hu-house-price-growth mt-house-price-growth nl-house-price-growth at-house-price-growth pl-house-price-growth pt-house-price-growth ro-house-price-growth si-house-price-growth sk-house-price-growth fi-house-price-growth se-house-price-growth uk-house-price-growth"},{"slug":"european-labour-market-dispersion","title":"European labor-market dispersion","question":"How wide is the spread between European labor markets?","href":"/benchmarks/european-labour-market-dispersion","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"Eurostat","latestLabel":"+7.3 pp","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−7.6%","value":-7.594936708860756,"tone":"down","isPercent":true},"change1Y":{"label":"−7.6%","value":-7.594936708860756,"tone":"down","isPercent":true},"change5Y":{"label":"−43.4%","value":-43.410852713178286,"tone":"down","isPercent":true},"percentileLabel":"3rd","percentileValue":3,"surpriseValue":97,"surpriseLabel":"97th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.0 3.7 L 8.0 6.9 L 12.0 8.5 L 16.0 7.9 L 20.0 11.1 L 24.0 11.1 L 28.0 10.0 L 32.0 12.2 L 36.0 10.6 L 40.0 14.3 L 44.0 16.4 L 48.0 17.4 L 52.0 17.4 L 56.0 16.9 L 60.0 19.5 L 64.0 20.1 L 68.0 20.6 L 72.0 20.6 L 76.0 22.7 L 80.0 24.3 L 84.0 22.7 L 88.0 23.2 L 92.0 25.4 L 96.0 23.8 L 100.0 25.9 L 104.0 27.5 L 108.0 28.0 L 112.0 26.4 L 116.0 24.8 L 120.0 28.0","searchText":"european labor-market dispersion how wide is the spread between european labor markets? maximum-minus-minimum unemployment rates european-labour-market-dispersion european labour market dispersion   monthly headline-dispersion headline dispersion youth-dispersion youth dispersion highest-unemployment highest unemployment lowest-unemployment lowest unemployment headline-dispersion youth-dispersion highest-unemployment lowest-unemployment"},{"slug":"european-beveridge-curve","title":"European Beveridge curve","question":"Are European labor markets becoming tighter or looser?","href":"/benchmarks/european-beveridge-curve","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"Eurostat","latestLabel":"2.2","latestUnit":"%","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"−12.0%","value":-11.99999999999999,"tone":"down","isPercent":true},"change5Y":{"label":"+15.8%","value":15.789473684210531,"tone":"up","isPercent":true},"percentileLabel":"60th","percentileValue":60,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 6.3 21.0 L 12.6 14.0 L 18.9 9.3 L 25.3 4.7 L 31.6 0.0 L 37.9 2.3 L 44.2 2.3 L 50.5 4.7 L 56.8 4.7 L 63.2 7.0 L 69.5 11.7 L 75.8 11.7 L 82.1 16.3 L 88.4 18.7 L 94.7 18.7 L 101.1 23.3 L 107.4 25.7 L 113.7 25.7 L 120.0 25.7","searchText":"european beveridge curve are european labor markets becoming tighter or looser? job vacancies and unemployment with a percentile tightness score european-beveridge-curve european beveridge curve   quarterly vacancy-rate vacancy rate unemployment-rate unemployment rate labour-tightness labor tightness vacancy-rate unemployment-rate labour-tightness"},{"slug":"european-employment-growth-breadth","title":"European employment-growth breadth","question":"How broad is employment growth across EU members?","href":"/benchmarks/european-employment-growth-breadth","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"Eurostat","latestLabel":"100.0","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change1Y":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change5Y":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"percentileLabel":"0th","percentileValue":0,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 6.3 28.0 L 12.6 28.0 L 18.9 28.0 L 25.3 28.0 L 31.6 28.0 L 37.9 28.0 L 44.2 28.0 L 50.5 28.0 L 56.8 28.0 L 63.2 28.0 L 69.5 28.0 L 75.8 28.0 L 82.1 28.0 L 88.4 28.0 L 94.7 28.0 L 101.1 28.0 L 107.4 28.0 L 113.7 28.0 L 120.0 28.0","searchText":"european employment-growth breadth how broad is employment growth across eu members? share of eligible members with positive yoy employment growth european-employment-growth-breadth european employment growth breadth   quarterly employment-breadth employment breadth eligible-count eligible countries contributing-count contributing countries be-employment-growth belgium bg-employment-growth bulgaria cz-employment-growth czechia dk-employment-growth denmark de-employment-growth germany ee-employment-growth estonia ie-employment-growth ireland el-employment-growth greece es-employment-growth spain fr-employment-growth france hr-employment-growth croatia it-employment-growth italy cy-employment-growth cyprus lv-employment-growth latvia lt-employment-growth lithuania lu-employment-growth luxembourg hu-employment-growth hungary mt-employment-growth malta nl-employment-growth netherlands at-employment-growth austria pl-employment-growth poland pt-employment-growth portugal ro-employment-growth romania si-employment-growth slovenia sk-employment-growth slovakia fi-employment-growth finland se-employment-growth sweden uk-employment-growth united kingdom employment-breadth eligible-count contributing-count be-employment-growth bg-employment-growth cz-employment-growth dk-employment-growth de-employment-growth ee-employment-growth ie-employment-growth el-employment-growth es-employment-growth fr-employment-growth hr-employment-growth it-employment-growth cy-employment-growth lv-employment-growth lt-employment-growth lu-employment-growth hu-employment-growth mt-employment-growth nl-employment-growth at-employment-growth pl-employment-growth pt-employment-growth ro-employment-growth si-employment-growth sk-employment-growth fi-employment-growth se-employment-growth uk-employment-growth"},{"slug":"european-labour-cost-pressure","title":"European labor-cost pressure","question":"Are compensation costs rising faster than productivity?","href":"/benchmarks/european-labour-cost-pressure","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"Eurostat","latestLabel":"3.6","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.4 pp","value":0.3999999999999999,"tone":"up","isPercent":false},"change1Y":{"label":"+0.1 pp","value":0.10000000000000009,"tone":"up","isPercent":false},"change5Y":{"label":"+2.4 pp","value":2.4000000000000004,"tone":"up","isPercent":false},"percentileLabel":"85th","percentileValue":85,"surpriseValue":34,"surpriseLabel":"34th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 6.3 15.7 L 12.6 16.0 L 18.9 12.3 L 25.3 10.3 L 31.6 9.8 L 37.9 6.4 L 44.2 3.4 L 50.5 0.0 L 56.8 0.7 L 63.2 1.5 L 69.5 2.7 L 75.8 5.6 L 82.1 7.1 L 88.4 9.3 L 94.7 9.6 L 101.1 9.3 L 107.4 10.1 L 113.7 10.3 L 120.0 9.3","searchText":"european labor-cost pressure are compensation costs rising faster than productivity? ulc, compensation growth and productivity growth european-labour-cost-pressure european labour cost pressure   quarterly ulc-growth unit labor cost compensation-growth compensation productivity-growth productivity compensation-productivity-gap compensation–productivity gap ulc-growth compensation-growth productivity-growth compensation-productivity-gap"},{"slug":"european-core-inflation-breadth","title":"European core-inflation breadth","question":"How widespread is accelerating core inflation across Europe?","href":"/benchmarks/european-core-inflation-breadth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"Eurostat","latestLabel":"59.3","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−3.7 pp","value":-3.7037037037037095,"tone":"down","isPercent":false},"change1Y":{"label":"+11.1 pp","value":11.111111111111107,"tone":"up","isPercent":false},"change5Y":{"label":"0.0 pp","value":0,"tone":"neutral","isPercent":false},"percentileLabel":"76th","percentileValue":76,"surpriseValue":31,"surpriseLabel":"31st pct move","isFresh":true,"sparkPath":"M 0.0 14.0 L 4.0 0.0 L 8.0 0.0 L 12.0 3.2 L 16.0 2.2 L 20.0 1.1 L 24.0 0.0 L 28.0 0.0 L 32.0 6.5 L 36.0 9.7 L 40.0 11.8 L 44.0 21.5 L 48.0 20.5 L 52.0 25.8 L 56.0 28.0 L 60.0 28.0 L 64.0 24.8 L 68.0 24.8 L 72.0 18.3 L 76.0 18.3 L 80.0 19.4 L 84.0 17.2 L 88.0 17.2 L 92.0 20.5 L 96.0 18.3 L 100.0 15.1 L 104.0 17.2 L 108.0 18.3 L 112.0 20.5 L 116.0 9.7 L 120.0 10.8","searchText":"european core-inflation breadth how widespread is accelerating core inflation across europe? share of eligible members with core hicp acceleration european-core-inflation-breadth european core inflation breadth   monthly core-inflation-breadth core inflation breadth eligible-count eligible countries contributing-count contributing countries be-core-inflation belgium bg-core-inflation bulgaria cz-core-inflation czechia dk-core-inflation denmark de-core-inflation germany ee-core-inflation estonia ie-core-inflation ireland el-core-inflation greece es-core-inflation spain fr-core-inflation france hr-core-inflation croatia it-core-inflation italy cy-core-inflation cyprus lv-core-inflation latvia lt-core-inflation lithuania lu-core-inflation luxembourg hu-core-inflation hungary mt-core-inflation malta nl-core-inflation netherlands at-core-inflation austria pl-core-inflation poland pt-core-inflation portugal ro-core-inflation romania si-core-inflation slovenia sk-core-inflation slovakia fi-core-inflation finland se-core-inflation sweden uk-core-inflation united kingdom core-inflation-breadth eligible-count contributing-count be-core-inflation bg-core-inflation cz-core-inflation dk-core-inflation de-core-inflation ee-core-inflation ie-core-inflation el-core-inflation es-core-inflation fr-core-inflation hr-core-inflation it-core-inflation cy-core-inflation lv-core-inflation lt-core-inflation lu-core-inflation hu-core-inflation mt-core-inflation nl-core-inflation at-core-inflation pl-core-inflation pt-core-inflation ro-core-inflation si-core-inflation sk-core-inflation fi-core-inflation se-core-inflation uk-core-inflation"},{"slug":"european-producer-vs-consumer-inflation","title":"European producer vs consumer inflation","question":"Is producer inflation running above consumer inflation?","href":"/benchmarks/european-producer-vs-consumer-inflation","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"Eurostat","latestLabel":"4.4","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−1.3 pp","value":-1.2999999999999998,"tone":"down","isPercent":false},"change1Y":{"label":"+3.8 pp","value":3.8000000000000003,"tone":"up","isPercent":false},"change5Y":{"label":"−6.3 pp","value":-6.299999999999999,"tone":"down","isPercent":false},"percentileLabel":"76th","percentileValue":76,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 15.2 L 4.0 13.4 L 8.0 9.4 L 12.0 5.7 L 16.0 2.4 L 20.0 2.6 L 24.0 1.7 L 28.0 0.0 L 32.0 7.1 L 36.0 13.9 L 40.0 18.7 L 44.0 22.8 L 48.0 25.9 L 52.0 28.0 L 56.0 26.7 L 60.0 26.7 L 64.0 26.7 L 68.0 24.7 L 72.0 23.5 L 76.0 24.3 L 80.0 23.0 L 84.0 21.3 L 88.0 21.2 L 92.0 22.1 L 96.0 22.2 L 100.0 22.4 L 104.0 23.1 L 108.0 23.5 L 112.0 21.2 L 116.0 19.0 L 120.0 19.8","searchText":"european producer vs consumer inflation is producer inflation running above consumer inflation? ppi yoy minus hicp yoy european-producer-vs-consumer-inflation european producer vs consumer inflation   monthly producer-inflation producer inflation consumer-inflation consumer inflation producer-consumer-gap ppi–hicp gap producer-inflation consumer-inflation producer-consumer-gap"},{"slug":"european-industrial-production-breadth","title":"European industrial-production breadth","question":"How broad is industrial growth across Europe?","href":"/benchmarks/european-industrial-production-breadth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"Eurostat","latestLabel":"56.0","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−13.2 pp","value":-13.23076923076922,"tone":"down","isPercent":false},"change1Y":{"label":"−14.4 pp","value":-14.37037037037036,"tone":"down","isPercent":false},"change5Y":{"label":"−44.0 pp","value":-43.99999999999999,"tone":"down","isPercent":false},"percentileLabel":"37th","percentileValue":37,"surpriseValue":74,"surpriseLabel":"74th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.0 0.0 L 8.0 10.2 L 12.0 6.4 L 16.0 7.6 L 20.0 7.6 L 24.0 3.8 L 28.0 11.5 L 32.0 10.2 L 36.0 16.5 L 40.0 19.1 L 44.0 21.6 L 48.0 20.4 L 52.0 28.0 L 56.0 25.5 L 60.0 22.9 L 64.0 24.2 L 68.0 19.1 L 72.0 22.9 L 76.0 19.1 L 80.0 20.4 L 84.0 17.8 L 88.0 14.0 L 92.0 10.2 L 96.0 12.7 L 100.0 11.5 L 104.0 10.2 L 108.0 15.3 L 112.0 10.2 L 116.0 10.6 L 120.0 15.1","searchText":"european industrial-production breadth how broad is industrial growth across europe? share of eligible members with positive yoy industrial production european-industrial-production-breadth european industrial production breadth   monthly industrial-breadth industrial breadth eligible-count eligible countries contributing-count contributing countries be-industrial-growth belgium bg-industrial-growth bulgaria cz-industrial-growth czechia dk-industrial-growth denmark de-industrial-growth germany ee-industrial-growth estonia ie-industrial-growth ireland el-industrial-growth greece es-industrial-growth spain fr-industrial-growth france hr-industrial-growth croatia it-industrial-growth italy cy-industrial-growth cyprus lv-industrial-growth latvia lt-industrial-growth lithuania lu-industrial-growth luxembourg hu-industrial-growth hungary mt-industrial-growth malta nl-industrial-growth netherlands at-industrial-growth austria pl-industrial-growth poland pt-industrial-growth portugal ro-industrial-growth romania si-industrial-growth slovenia sk-industrial-growth slovakia fi-industrial-growth finland se-industrial-growth sweden uk-industrial-growth united kingdom industrial-breadth eligible-count contributing-count be-industrial-growth bg-industrial-growth cz-industrial-growth dk-industrial-growth de-industrial-growth ee-industrial-growth ie-industrial-growth el-industrial-growth es-industrial-growth fr-industrial-growth hr-industrial-growth it-industrial-growth cy-industrial-growth lv-industrial-growth lt-industrial-growth lu-industrial-growth hu-industrial-growth mt-industrial-growth nl-industrial-growth at-industrial-growth pl-industrial-growth pt-industrial-growth ro-industrial-growth si-industrial-growth sk-industrial-growth fi-industrial-growth se-industrial-growth uk-industrial-growth"},{"slug":"european-retail-sales-breadth","title":"European retail-sales breadth","question":"How broad is retail-volume growth across Europe?","href":"/benchmarks/european-retail-sales-breadth","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"Eurostat","latestLabel":"84.6","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−8.0 pp","value":-7.977207977207982,"tone":"down","isPercent":false},"change1Y":{"label":"−8.0 pp","value":-7.977207977207982,"tone":"down","isPercent":false},"change5Y":{"label":"−7.4 pp","value":-7.384615384615387,"tone":"down","isPercent":false},"percentileLabel":"70th","percentileValue":70,"surpriseValue":51,"surpriseLabel":"51st pct move","isFresh":true,"sparkPath":"M 0.0 4.6 L 4.0 6.1 L 8.0 4.6 L 12.0 4.6 L 16.0 0.0 L 20.0 11.8 L 24.0 14.7 L 28.0 14.7 L 32.0 13.3 L 36.0 22.1 L 40.0 17.7 L 44.0 28.0 L 48.0 25.1 L 52.0 23.6 L 56.0 25.1 L 60.0 22.1 L 64.0 19.9 L 68.0 9.9 L 72.0 17.0 L 76.0 4.3 L 80.0 7.1 L 84.0 5.7 L 88.0 9.9 L 92.0 8.5 L 96.0 4.3 L 100.0 7.1 L 104.0 4.3 L 108.0 5.7 L 112.0 1.4 L 116.0 2.8 L 120.0 5.9","searchText":"european retail-sales breadth how broad is retail-volume growth across europe? share of eligible members with positive yoy retail sales european-retail-sales-breadth european retail sales breadth   monthly retail-breadth retail breadth eligible-count eligible countries contributing-count contributing countries be-retail-growth belgium bg-retail-growth bulgaria cz-retail-growth czechia dk-retail-growth denmark de-retail-growth germany ee-retail-growth estonia ie-retail-growth ireland el-retail-growth greece es-retail-growth spain fr-retail-growth france hr-retail-growth croatia it-retail-growth italy cy-retail-growth cyprus lv-retail-growth latvia lt-retail-growth lithuania lu-retail-growth luxembourg hu-retail-growth hungary mt-retail-growth malta nl-retail-growth netherlands at-retail-growth austria pl-retail-growth poland pt-retail-growth portugal ro-retail-growth romania si-retail-growth slovenia sk-retail-growth slovakia fi-retail-growth finland se-retail-growth sweden uk-retail-growth united kingdom retail-breadth eligible-count contributing-count be-retail-growth bg-retail-growth cz-retail-growth dk-retail-growth de-retail-growth ee-retail-growth ie-retail-growth el-retail-growth es-retail-growth fr-retail-growth hr-retail-growth it-retail-growth cy-retail-growth lv-retail-growth lt-retail-growth lu-retail-growth hu-retail-growth mt-retail-growth nl-retail-growth at-retail-growth pl-retail-growth pt-retail-growth ro-retail-growth si-retail-growth sk-retail-growth fi-retail-growth se-retail-growth uk-retail-growth"},{"slug":"us-private-credit-gap","title":"U.S. private credit-to-GDP gap","question":"Is U.S. private credit running above its long-run trend?","href":"/benchmarks/us-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"140.3","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"−0.2%","value":-0.24249261891168272,"tone":"down","isPercent":true},"change1Y":{"label":"−1.6%","value":-1.5910819784263897,"tone":"down","isPercent":true},"change5Y":{"label":"−14.5%","value":-14.537272962081682,"tone":"down","isPercent":true},"percentileLabel":"32nd","percentileValue":32,"surpriseValue":24,"surpriseLabel":"24th pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 6.3 2.3 L 12.6 4.3 L 18.9 5.9 L 25.3 7.4 L 31.6 8.8 L 37.9 10.9 L 44.2 12.7 L 50.5 14.8 L 56.8 16.6 L 63.2 18.5 L 69.5 20.1 L 75.8 21.3 L 82.1 22.3 L 88.4 23.0 L 94.7 25.4 L 101.1 26.4 L 107.4 27.1 L 113.7 27.6 L 120.0 28.0","searchText":"u.s. private credit-to-gdp gap is u.s. private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap us-private-credit-gap us private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"uk-private-credit-gap","title":"UK private credit-to-GDP gap","question":"Is UK private credit running above its long-run trend?","href":"/benchmarks/uk-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"132.6","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"−0.5%","value":-0.5169462339877362,"tone":"down","isPercent":true},"change1Y":{"label":"−3.7%","value":-3.6970817926663124,"tone":"down","isPercent":true},"change5Y":{"label":"−23.7%","value":-23.709052527307694,"tone":"down","isPercent":true},"percentileLabel":"29th","percentileValue":29,"surpriseValue":26,"surpriseLabel":"26th pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 6.3 3.2 L 12.6 5.0 L 18.9 7.5 L 25.3 11.2 L 31.6 13.4 L 37.9 14.7 L 44.2 16.7 L 50.5 19.3 L 56.8 21.8 L 63.2 22.4 L 69.5 23.0 L 75.8 22.6 L 82.1 22.8 L 88.4 23.2 L 94.7 24.4 L 101.1 27.5 L 107.4 28.0 L 113.7 27.3 L 120.0 27.7","searchText":"uk private credit-to-gdp gap is uk private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap uk-private-credit-gap uk private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"china-private-credit-gap","title":"China private credit-to-GDP gap","question":"Is Chinese private credit running above its long-run trend?","href":"/benchmarks/china-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"200.8","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"−0.3%","value":-0.3282458760078266,"tone":"down","isPercent":true},"change1Y":{"label":"+1.5%","value":1.4625544178498595,"tone":"up","isPercent":true},"change5Y":{"label":"+4.3%","value":4.332804189256523,"tone":"up","isPercent":true},"percentileLabel":"98th","percentileValue":98,"surpriseValue":17,"surpriseLabel":"17th pct move","isFresh":false,"sparkPath":"M 0.0 16.9 L 6.3 20.8 L 12.6 23.7 L 18.9 28.0 L 25.3 23.6 L 31.6 21.1 L 37.9 20.6 L 44.2 21.1 L 50.5 12.5 L 56.8 12.1 L 63.2 11.4 L 69.5 12.8 L 75.8 5.3 L 82.1 5.1 L 88.4 4.4 L 94.7 5.8 L 101.1 0.0 L 107.4 0.1 L 113.7 0.7 L 120.0 1.6","searchText":"china private credit-to-gdp gap is chinese private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap china-private-credit-gap china private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"japan-private-credit-gap","title":"Japan private credit-to-GDP gap","question":"Is Japanese private credit running above its long-run trend?","href":"/benchmarks/japan-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"175.1","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"+1.3%","value":1.2625959745514503,"tone":"up","isPercent":true},"change1Y":{"label":"+0.4%","value":0.44472191301707653,"tone":"up","isPercent":true},"change5Y":{"label":"−2.5%","value":-2.518726181889863,"tone":"down","isPercent":true},"percentileLabel":"54th","percentileValue":54,"surpriseValue":80,"surpriseLabel":"80th pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 6.3 7.5 L 12.6 9.9 L 18.9 6.5 L 25.3 8.6 L 31.6 6.3 L 37.9 5.6 L 44.2 4.1 L 50.5 9.3 L 56.8 13.2 L 63.2 15.6 L 69.5 17.3 L 75.8 15.9 L 82.1 16.9 L 88.4 23.1 L 94.7 19.2 L 101.1 24.9 L 107.4 28.0 L 113.7 23.7 L 120.0 16.7","searchText":"japan private credit-to-gdp gap is japanese private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap japan-private-credit-gap japan private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"korea-private-credit-gap","title":"Korea private credit-to-GDP gap","question":"Is Korean private credit running above its long-run trend?","href":"/benchmarks/korea-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"199.0","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"−0.6%","value":-0.6209663920405561,"tone":"down","isPercent":true},"change1Y":{"label":"−0.6%","value":-0.6260189309486686,"tone":"down","isPercent":true},"change5Y":{"label":"−0.8%","value":-0.8134016258221854,"tone":"down","isPercent":true},"percentileLabel":"86th","percentileValue":86,"surpriseValue":44,"surpriseLabel":"44th pct move","isFresh":false,"sparkPath":"M 0.0 17.6 L 6.3 14.1 L 12.6 10.5 L 18.9 9.5 L 25.3 11.4 L 31.6 7.4 L 37.9 1.8 L 44.2 0.0 L 50.5 1.6 L 56.8 2.0 L 63.2 1.0 L 69.5 8.6 L 75.8 15.6 L 82.1 19.5 L 88.4 21.5 L 94.7 24.5 L 101.1 23.0 L 107.4 23.8 L 113.7 24.5 L 120.0 28.0","searchText":"korea private credit-to-gdp gap is korean private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap korea-private-credit-gap korea private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"india-private-credit-gap","title":"India private credit-to-GDP gap","question":"Is Indian private credit running above its long-run trend?","href":"/benchmarks/india-private-credit-gap","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"102.3","latestUnit":"% of GDP","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"+5.0%","value":5.047164176722574,"tone":"up","isPercent":true},"change1Y":{"label":"+7.3%","value":7.3491490300618745,"tone":"up","isPercent":true},"change5Y":{"label":"−0.8%","value":-0.7582523489572113,"tone":"down","isPercent":true},"percentileLabel":"75th","percentileValue":75,"surpriseValue":91,"surpriseLabel":"91st pct move","isFresh":false,"sparkPath":"M 0.0 5.7 L 6.3 17.4 L 12.6 22.6 L 18.9 15.1 L 25.3 18.1 L 31.6 23.9 L 37.9 22.1 L 44.2 25.4 L 50.5 23.7 L 56.8 28.0 L 63.2 23.1 L 69.5 22.3 L 75.8 20.7 L 82.1 20.3 L 88.4 21.9 L 94.7 18.2 L 101.1 16.5 L 107.4 13.0 L 113.7 12.8 L 120.0 0.0","searchText":"india private credit-to-gdp gap is indian private credit running above its long-run trend? bis private-sector credit/gdp, trend and published gap india-private-credit-gap india private credit gap   quarterly credit-gdp credit / gdp credit-trend one-sided trend credit-gap bis credit gap credit-gdp credit-trend credit-gap"},{"slug":"household-debt-service-pressure","title":"Household debt-service pressure","question":"Which household debt-service burdens are above country norms?","href":"/benchmarks/household-debt-service-pressure","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"−3 bp","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"−0.0 pp","value":-8.881784197001252e-16,"tone":"neutral","isPercent":false},"change1Y":{"label":"−0.1 pp","value":-0.050000000000000266,"tone":"down","isPercent":false},"change5Y":{"label":"+0.3 pp","value":0.25,"tone":"up","isPercent":false},"percentileLabel":"55th","percentileValue":55,"surpriseValue":6,"surpriseLabel":"6th pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 6.3 19.1 L 12.6 15.3 L 18.9 14.0 L 25.3 12.7 L 31.6 15.3 L 37.9 14.0 L 44.2 12.7 L 50.5 10.2 L 56.8 0.0 L 63.2 0.0 L 69.5 2.5 L 75.8 3.8 L 82.1 7.6 L 88.4 7.6 L 94.7 8.9 L 101.1 7.6 L 107.4 8.9 L 113.7 11.5 L 120.0 11.5","searchText":"household debt-service pressure which household debt-service burdens are above country norms? country debt-service ratios minus trailing ten-year medians household-debt-service-pressure household debt service pressure   quarterly dsr-median median pressure us-dsr-pressure united states gb-dsr-pressure united kingdom ca-dsr-pressure canada au-dsr-pressure australia de-dsr-pressure germany fr-dsr-pressure france jp-dsr-pressure japan kr-dsr-pressure korea dsr-median us-dsr-pressure gb-dsr-pressure ca-dsr-pressure au-dsr-pressure de-dsr-pressure fr-dsr-pressure jp-dsr-pressure kr-dsr-pressure"},{"slug":"corporate-debt-service-pressure","title":"Corporate debt-service pressure","question":"Which corporate debt-service burdens are above country norms?","href":"/benchmarks/corporate-debt-service-pressure","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"+1.6 pp","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"+0.1 pp","value":0.09999999999999964,"tone":"up","isPercent":false},"change1Y":{"label":"+0.9 pp","value":0.9499999999999975,"tone":"up","isPercent":false},"change5Y":{"label":"−1.7 pp","value":-1.6999999999999993,"tone":"down","isPercent":false},"percentileLabel":"94th","percentileValue":94,"surpriseValue":16,"surpriseLabel":"16th pct move","isFresh":false,"sparkPath":"M 0.0 0.0 L 6.3 11.9 L 12.6 15.7 L 18.9 17.1 L 25.3 15.0 L 31.6 11.3 L 37.9 13.8 L 44.2 15.2 L 50.5 20.3 L 56.8 24.7 L 63.2 27.8 L 69.5 28.0 L 75.8 24.2 L 82.1 21.1 L 88.4 18.6 L 94.7 14.4 L 101.1 12.1 L 107.4 11.1 L 113.7 7.9 L 120.0 7.1","searchText":"corporate debt-service pressure which corporate debt-service burdens are above country norms? country corporate debt-service ratios minus trailing ten-year medians corporate-debt-service-pressure corporate debt service pressure   quarterly dsr-median median pressure us-dsr-pressure united states gb-dsr-pressure united kingdom ca-dsr-pressure canada au-dsr-pressure australia de-dsr-pressure germany fr-dsr-pressure france jp-dsr-pressure japan kr-dsr-pressure korea dsr-median us-dsr-pressure gb-dsr-pressure ca-dsr-pressure au-dsr-pressure de-dsr-pressure fr-dsr-pressure jp-dsr-pressure kr-dsr-pressure"},{"slug":"private-sector-debt-service-pressure","title":"Private-sector debt-service pressure","question":"Which private debt-service burdens are above country norms?","href":"/benchmarks/private-sector-debt-service-pressure","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"+0.3 pp","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"+0.1 pp","value":0.09999999999999964,"tone":"up","isPercent":false},"change1Y":{"label":"−0.4 pp","value":-0.3750000000000009,"tone":"down","isPercent":false},"change5Y":{"label":"−0.0 pp","value":-0.025000000000001243,"tone":"neutral","isPercent":false},"percentileLabel":"77th","percentileValue":77,"surpriseValue":54,"surpriseLabel":"54th pct move","isFresh":false,"sparkPath":"M 0.0 13.1 L 6.3 21.2 L 12.6 21.8 L 18.9 28.0 L 25.3 21.8 L 31.6 17.4 L 37.9 16.2 L 44.2 14.3 L 50.5 13.7 L 56.8 11.2 L 63.2 11.8 L 69.5 12.4 L 75.8 1.9 L 82.1 0.0 L 88.4 0.6 L 94.7 0.0 L 101.1 5.6 L 107.4 13.7 L 113.7 11.8 L 120.0 9.3","searchText":"private-sector debt-service pressure which private debt-service burdens are above country norms? country total-private debt-service ratios minus trailing ten-year medians private-sector-debt-service-pressure private sector debt service pressure   quarterly dsr-median median pressure us-dsr-pressure united states gb-dsr-pressure united kingdom cn-dsr-pressure china jp-dsr-pressure japan kr-dsr-pressure korea ca-dsr-pressure canada au-dsr-pressure australia de-dsr-pressure germany dsr-median us-dsr-pressure gb-dsr-pressure cn-dsr-pressure jp-dsr-pressure kr-dsr-pressure ca-dsr-pressure au-dsr-pressure de-dsr-pressure"},{"slug":"global-real-residential-property-prices","title":"Global real residential property prices","question":"How are global real residential property prices moving?","href":"/benchmarks/global-real-residential-property-prices","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"BIS via direct API","latestLabel":"132.47","latestUnit":"index","latestDate":"2025-12-31","asOf":"Q4 2025","changeLatest":{"label":"+0.1%","value":0.14855122862826864,"tone":"up","isPercent":true},"change1Y":{"label":"+0.4%","value":0.3735383323824282,"tone":"up","isPercent":true},"change5Y":{"label":"+4.2%","value":4.172511952692481,"tone":"up","isPercent":true},"percentileLabel":"89th","percentileValue":89,"surpriseValue":12,"surpriseLabel":"12th pct move","isFresh":false,"sparkPath":"M 0.0 28.0 L 6.3 20.1 L 12.6 10.7 L 18.9 6.0 L 25.3 0.0 L 31.6 3.3 L 37.9 9.4 L 44.2 18.2 L 50.5 20.7 L 56.8 23.1 L 63.2 22.5 L 69.5 23.8 L 75.8 23.3 L 82.1 23.5 L 88.4 21.0 L 94.7 20.5 L 101.1 19.1 L 107.4 20.9 L 113.7 19.6 L 120.0 19.0","searchText":"global real residential property prices how are global real residential property prices moving? bis real residential property price indices global-real-residential-property-prices global real residential property prices   quarterly global-real-house-prices global advanced-real-house-prices advanced economies emerging-real-house-prices emerging economies global-real-house-prices-distance-median distance from ten-year median global-real-house-prices advanced-real-house-prices emerging-real-house-prices global-real-house-prices-distance-median"},{"slug":"usd-real-effective-exchange-rate","title":"U.S. dollar real effective exchange rate","question":"Is the U.S. dollar expensive or cheap in real trade-weighted terms?","href":"/benchmarks/usd-real-effective-exchange-rate","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"BIS via direct API","latestLabel":"107.84","latestUnit":"index","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+0.6%","value":0.5876317507695239,"tone":"up","isPercent":true},"change1Y":{"label":"−0.2%","value":-0.19435446552521496,"tone":"down","isPercent":true},"change5Y":{"label":"+10.9%","value":10.878058811433267,"tone":"up","isPercent":true},"percentileLabel":"92nd","percentileValue":92,"surpriseValue":39,"surpriseLabel":"39th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 27.9 L 8.0 24.8 L 12.0 23.9 L 16.0 20.8 L 20.0 14.2 L 24.0 8.9 L 28.0 5.4 L 32.0 7.6 L 36.0 15.9 L 40.0 14.1 L 44.0 14.2 L 48.0 15.1 L 52.0 10.0 L 56.0 11.4 L 60.0 13.4 L 64.0 11.5 L 68.0 9.5 L 72.0 8.1 L 76.0 11.0 L 80.0 4.4 L 84.0 0.0 L 88.0 3.8 L 92.0 9.2 L 96.0 12.7 L 100.0 12.4 L 104.0 11.5 L 108.0 14.4 L 112.0 12.6 L 116.0 12.9 L 120.0 11.8","searchText":"u.s. dollar real effective exchange rate is the u.s. dollar expensive or cheap in real trade-weighted terms? bis broad real effective exchange-rate index and ten-year median usd-real-effective-exchange-rate usd real effective exchange rate   monthly usd-reer real effective dollar usd-reer-median ten-year median usd-reer-distance-median distance from median usd-reer usd-reer-median usd-reer-distance-median"},{"slug":"cny-real-effective-exchange-rate","title":"Chinese renminbi real effective exchange rate","question":"Is the renminbi expensive or cheap in real trade-weighted terms?","href":"/benchmarks/cny-real-effective-exchange-rate","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"BIS via direct API","latestLabel":"92.24","latestUnit":"index","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+1.5%","value":1.5411712901805208,"tone":"up","isPercent":true},"change1Y":{"label":"+7.0%","value":7.0193757976563464,"tone":"up","isPercent":true},"change5Y":{"label":"−9.2%","value":-9.15895213708884,"tone":"down","isPercent":true},"percentileLabel":"66th","percentileValue":66,"surpriseValue":74,"surpriseLabel":"74th pct move","isFresh":true,"sparkPath":"M 0.0 6.5 L 4.0 6.4 L 8.0 2.4 L 12.0 2.7 L 16.0 0.0 L 20.0 6.0 L 24.0 2.8 L 28.0 5.3 L 32.0 11.6 L 36.0 11.4 L 40.0 12.9 L 44.0 16.9 L 48.0 20.5 L 52.0 18.7 L 56.0 19.7 L 60.0 20.0 L 64.0 19.6 L 68.0 20.3 L 72.0 20.2 L 76.0 20.9 L 80.0 20.3 L 84.0 19.6 L 88.0 22.4 L 92.0 27.4 L 96.0 28.0 L 100.0 26.9 L 104.0 24.7 L 108.0 23.8 L 112.0 21.2 L 116.0 22.0 L 120.0 20.2","searchText":"chinese renminbi real effective exchange rate is the renminbi expensive or cheap in real trade-weighted terms? bis broad real effective exchange-rate index and ten-year median cny-real-effective-exchange-rate cny real effective exchange rate   monthly cny-reer real effective renminbi cny-reer-median ten-year median cny-reer-distance-median distance from median cny-reer cny-reer-median cny-reer-distance-median"},{"slug":"real-effective-yen","title":"Inflation-adjusted trade-weighted yen","question":"How weak is the yen once inflation and trading-partner currencies are accounted for?","href":"/benchmarks/real-effective-yen","cluster":"fx","clusterLabel":"Currencies","frequency":"monthly","source":"BIS via direct API","latestLabel":"62.26","latestUnit":"index","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−0.6%","value":-0.606641123882512,"tone":"down","isPercent":true},"change1Y":{"label":"−9.4%","value":-9.374090247452704,"tone":"down","isPercent":true},"change5Y":{"label":"−30.7%","value":-30.729862038273247,"tone":"down","isPercent":true},"percentileLabel":"0th","percentileValue":0,"surpriseValue":25,"surpriseLabel":"25th pct move","isFresh":true,"sparkPath":"M 0.0 0.1 L 4.0 0.0 L 8.0 2.9 L 12.0 3.8 L 16.0 6.1 L 20.0 11.0 L 24.0 14.5 L 28.0 15.8 L 32.0 16.5 L 36.0 12.5 L 40.0 14.5 L 44.0 16.8 L 48.0 19.4 L 52.0 21.2 L 56.0 22.0 L 60.0 21.2 L 64.0 22.8 L 68.0 24.7 L 72.0 25.2 L 76.0 20.1 L 80.0 22.3 L 84.0 21.7 L 88.0 20.2 L 92.0 20.6 L 96.0 23.1 L 100.0 23.4 L 104.0 24.8 L 108.0 26.2 L 112.0 27.2 L 116.0 27.6 L 120.0 28.0","searchText":"inflation-adjusted trade-weighted yen how weak is the yen once inflation and trading-partner currencies are accounted for? bis real narrow effective exchange rate for japan, 2020=100 real-effective-yen real effective yen  fx monthly rnjpbis real narrow effective exchange rate rnjpbis-median ten-year median rnjpbis-distance-median distance from median rnjpbis rnjpbis-median rnjpbis-distance-median"},{"slug":"phase1-fdic-01","title":"Median $1bn+ FDIC filer total asset growth","question":"What does Median $1bn+ FDIC filer total asset growth show?","href":"/benchmarks/phase1-fdic-01","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"5.18","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+2.2%","value":2.2006060094212465,"tone":"up","isPercent":true},"change1Y":{"label":"+24.7%","value":24.674794913565854,"tone":"up","isPercent":true},"change5Y":{"label":"−74.3%","value":-74.2806646613975,"tone":"down","isPercent":true},"percentileLabel":"60th","percentileValue":60,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 4.1 L 6.3 1.2 L 12.6 0.0 L 18.9 12.6 L 25.3 16.4 L 31.6 21.2 L 37.9 25.8 L 44.2 22.9 L 50.5 21.6 L 56.8 22.7 L 63.2 23.7 L 69.5 26.6 L 75.8 26.9 L 82.1 23.0 L 88.4 28.0 L 94.7 26.1 L 101.1 25.1 L 107.4 26.0 L 113.7 22.9 L 120.0 22.5","searchText":"median $1bn+ fdic filer total asset growth what does median $1bn+ fdic filer total asset growth show? cross-sectional median across eligible banks of: 100 × (total_assets[t] / total_assets[t−4] − 1) phase1-fdic-01 phase1 fdic 01   quarterly fdic-01 pier20 calculation: median $1bn+ fdic filer total asset growth fdic-01"},{"slug":"phase1-fdic-02","title":"Median $1bn+ FDIC filer quarter-over-quarter deposit growth","question":"What does Median $1bn+ FDIC filer quarter-over-quarter deposit growth show?","href":"/benchmarks/phase1-fdic-02","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"1.24","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.1 pp","value":0.11022377456867405,"tone":"up","isPercent":false},"change1Y":{"label":"−0.1 pp","value":-0.11294727836739238,"tone":"down","isPercent":false},"change5Y":{"label":"−4.1 pp","value":-4.107671217294972,"tone":"down","isPercent":false},"percentileLabel":"52nd","percentileValue":52,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 10.3 L 6.3 2.8 L 12.6 0.0 L 18.9 7.9 L 25.3 24.5 L 31.6 21.3 L 37.9 28.0 L 44.2 21.3 L 50.5 24.6 L 56.8 15.2 L 63.2 18.2 L 69.5 15.1 L 75.8 23.0 L 82.1 8.3 L 88.4 15.1 L 94.7 12.8 L 101.1 23.1 L 107.4 11.7 L 113.7 14.8 L 120.0 13.8","searchText":"median $1bn+ fdic filer quarter-over-quarter deposit growth what does median $1bn+ fdic filer quarter-over-quarter deposit growth show? cross-sectional median across eligible banks of: 100 × (total_deposits[t] / total_deposits[t−1] − 1) phase1-fdic-02 phase1 fdic 02   quarterly fdic-02 pier20 calculation: median $1bn+ fdic filer quarter-over-quarter deposit growth fdic-02"},{"slug":"phase1-fdic-04","title":"Median $1bn+ FDIC filer uninsured deposit share","question":"What does Median $1bn+ FDIC filer uninsured deposit share show?","href":"/benchmarks/phase1-fdic-04","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"31.77","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"−0.4%","value":-0.4083262425003453,"tone":"down","isPercent":true},"change1Y":{"label":"+3.5%","value":3.5216505633882678,"tone":"up","isPercent":true},"change5Y":{"label":"−1.0%","value":-0.9724284483293988,"tone":"down","isPercent":true},"percentileLabel":"58th","percentileValue":58,"surpriseValue":9,"surpriseLabel":"9th pct move","isFresh":true,"sparkPath":"M 0.0 10.5 L 6.3 6.2 L 12.6 0.0 L 18.9 2.7 L 25.3 1.6 L 31.6 1.1 L 37.9 4.9 L 44.2 20.9 L 50.5 25.0 L 56.8 23.5 L 63.2 24.8 L 69.5 28.0 L 75.8 27.2 L 82.1 25.3 L 88.4 23.2 L 94.7 25.4 L 101.1 23.1 L 107.4 19.5 L 113.7 17.8 L 120.0 18.6","searchText":"median $1bn+ fdic filer uninsured deposit share what does median $1bn+ fdic filer uninsured deposit share show? cross-sectional median across eligible banks of: 100 × estimated_uninsured_domestic_deposits / domestic_deposits phase1-fdic-04 phase1 fdic 04   quarterly fdic-04 pier20 calculation: median $1bn+ fdic filer uninsured deposit share fdic-04"},{"slug":"phase1-fdic-06","title":"Median $1bn+ FDIC filer loan-to-deposit ratio","question":"What does Median $1bn+ FDIC filer loan-to-deposit ratio show?","href":"/benchmarks/phase1-fdic-06","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"86.69","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"−0.5%","value":-0.5028808916846761,"tone":"down","isPercent":true},"change1Y":{"label":"+0.7%","value":0.7212897596614587,"tone":"up","isPercent":true},"change5Y":{"label":"+9.7%","value":9.693367981918733,"tone":"up","isPercent":true},"percentileLabel":"58th","percentileValue":58,"surpriseValue":17,"surpriseLabel":"17th pct move","isFresh":true,"sparkPath":"M 0.0 20.5 L 6.3 25.6 L 12.6 27.5 L 18.9 28.0 L 25.3 21.3 L 31.6 15.7 L 37.9 9.3 L 44.2 8.3 L 50.5 5.1 L 56.8 4.0 L 63.2 2.9 L 69.5 3.1 L 75.8 0.0 L 82.1 2.2 L 88.4 2.7 L 94.7 4.6 L 101.1 1.8 L 107.4 3.3 L 113.7 2.6 L 120.0 3.4","searchText":"median $1bn+ fdic filer loan-to-deposit ratio what does median $1bn+ fdic filer loan-to-deposit ratio show? cross-sectional median across eligible banks of: 100 × net_loans_and_leases / total_deposits phase1-fdic-06 phase1 fdic 06   quarterly fdic-06 pier20 calculation: median $1bn+ fdic filer loan-to-deposit ratio fdic-06"},{"slug":"phase1-fdic-09","title":"Median $1bn+ FDIC filer equity-to-assets","question":"What does Median $1bn+ FDIC filer equity-to-assets show?","href":"/benchmarks/phase1-fdic-09","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"10.44","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.6%","value":0.6218651123166996,"tone":"up","isPercent":true},"change1Y":{"label":"+4.0%","value":4.032447797819949,"tone":"up","isPercent":true},"change5Y":{"label":"+3.6%","value":3.6289095323512655,"tone":"up","isPercent":true},"percentileLabel":"92nd","percentileValue":92,"surpriseValue":22,"surpriseLabel":"22nd pct move","isFresh":true,"sparkPath":"M 0.0 2.8 L 6.3 4.2 L 12.6 6.6 L 18.9 18.6 L 25.3 23.4 L 31.6 28.0 L 37.9 23.5 L 44.2 21.4 L 50.5 21.3 L 56.8 24.1 L 63.2 16.5 L 69.5 15.9 L 75.8 14.6 L 82.1 9.5 L 88.4 12.2 L 94.7 8.1 L 101.1 5.8 L 107.4 1.6 L 113.7 1.3 L 120.0 0.0","searchText":"median $1bn+ fdic filer equity-to-assets what does median $1bn+ fdic filer equity-to-assets show? cross-sectional median across eligible banks of: 100 × total_equity_capital / total_assets phase1-fdic-09 phase1 fdic 09   quarterly fdic-09 pier20 calculation: median $1bn+ fdic filer equity-to-assets fdic-09"},{"slug":"phase1-fdic-10","title":"Median $1bn+ FDIC filer tier 1 leverage ratio","question":"What does Median $1bn+ FDIC filer tier 1 leverage ratio show?","href":"/benchmarks/phase1-fdic-10","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"10.40","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+1.1%","value":1.0797558206542268,"tone":"up","isPercent":true},"change1Y":{"label":"+2.5%","value":2.4771326550752315,"tone":"up","isPercent":true},"change5Y":{"label":"+9.3%","value":9.333935624243693,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 27.6 L 6.3 25.4 L 12.6 27.2 L 18.9 28.0 L 25.3 24.0 L 31.6 21.6 L 37.9 18.2 L 44.2 16.1 L 50.5 16.1 L 56.8 13.3 L 63.2 14.4 L 69.5 11.5 L 75.8 10.3 L 82.1 9.7 L 88.4 10.5 L 94.7 7.1 L 101.1 5.0 L 107.4 2.3 L 113.7 3.1 L 120.0 0.0","searchText":"median $1bn+ fdic filer tier 1 leverage ratio what does median $1bn+ fdic filer tier 1 leverage ratio show? cross-sectional median across eligible banks of: fdic-reported tier 1 leverage ratio phase1-fdic-10 phase1 fdic 10   quarterly fdic-10 pier20 calculation: median $1bn+ fdic filer tier 1 leverage ratio fdic-10"},{"slug":"phase1-fdic-11","title":"Median $1bn+ FDIC filer common equity tier 1 ratio","question":"What does Median $1bn+ FDIC filer common equity tier 1 ratio show?","href":"/benchmarks/phase1-fdic-11","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"13.39","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.4%","value":0.36958042884547293,"tone":"up","isPercent":true},"change1Y":{"label":"+1.6%","value":1.629083058352565,"tone":"up","isPercent":true},"change5Y":{"label":"−0.5%","value":-0.5057182324815668,"tone":"down","isPercent":true},"percentileLabel":"83rd","percentileValue":83,"surpriseValue":35,"surpriseLabel":"35th pct move","isFresh":true,"sparkPath":"M 0.0 0.1 L 6.3 0.0 L 12.6 2.6 L 18.9 11.9 L 25.3 22.2 L 31.6 26.3 L 37.9 28.0 L 44.2 27.1 L 50.5 26.1 L 56.8 24.6 L 63.2 23.6 L 69.5 20.8 L 75.8 18.7 L 82.1 15.8 L 88.4 14.7 L 94.7 11.8 L 101.1 10.5 L 107.4 5.3 L 113.7 6.6 L 120.0 5.0","searchText":"median $1bn+ fdic filer common equity tier 1 ratio what does median $1bn+ fdic filer common equity tier 1 ratio show? cross-sectional median across eligible banks of: 100 × common_equity_tier_1 / risk_weighted_assets phase1-fdic-11 phase1 fdic 11   quarterly fdic-11 pier20 calculation: median $1bn+ fdic filer common equity tier 1 ratio fdic-11"},{"slug":"phase1-fdic-12","title":"Median $1bn+ FDIC filer total risk-based capital ratio","question":"What does Median $1bn+ FDIC filer total risk-based capital ratio show?","href":"/benchmarks/phase1-fdic-12","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"13.88","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+0.3%","value":0.3071519402800371,"tone":"up","isPercent":true},"change1Y":{"label":"+1.0%","value":1.0237664692537285,"tone":"up","isPercent":true},"change5Y":{"label":"−1.9%","value":-1.8818579076560815,"tone":"down","isPercent":true},"percentileLabel":"83rd","percentileValue":83,"surpriseValue":22,"surpriseLabel":"22nd pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 6.3 2.4 L 12.6 8.4 L 18.9 12.4 L 25.3 21.6 L 31.6 24.5 L 37.9 28.0 L 44.2 26.1 L 50.5 25.1 L 56.8 25.6 L 63.2 22.7 L 69.5 20.2 L 75.8 19.7 L 82.1 17.9 L 88.4 15.9 L 94.7 14.1 L 101.1 13.9 L 107.4 11.1 L 113.7 11.4 L 120.0 10.2","searchText":"median $1bn+ fdic filer total risk-based capital ratio what does median $1bn+ fdic filer total risk-based capital ratio show? cross-sectional median across eligible banks of: fdic-reported total risk-based capital ratio phase1-fdic-12 phase1 fdic 12   quarterly fdic-12 pier20 calculation: median $1bn+ fdic filer total risk-based capital ratio fdic-12"},{"slug":"phase1-fdic-13","title":"Median $1bn+ FDIC filer noncurrent-loan ratio","question":"What does Median $1bn+ FDIC filer noncurrent-loan ratio show?","href":"/benchmarks/phase1-fdic-13","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"0.58","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+8.7%","value":8.690368960870964,"tone":"up","isPercent":true},"change1Y":{"label":"+20.3%","value":20.322366060890438,"tone":"up","isPercent":true},"change5Y":{"label":"+14.4%","value":14.436922253818407,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 12.4 L 6.3 15.2 L 12.6 20.6 L 18.9 21.9 L 25.3 26.0 L 31.6 27.1 L 37.9 28.0 L 44.2 27.4 L 50.5 26.2 L 56.8 24.0 L 63.2 21.1 L 69.5 18.3 L 75.8 15.4 L 82.1 12.1 L 88.4 11.1 L 94.7 9.3 L 101.1 8.3 L 107.4 6.0 L 113.7 4.4 L 120.0 0.0","searchText":"median $1bn+ fdic filer noncurrent-loan ratio what does median $1bn+ fdic filer noncurrent-loan ratio show? cross-sectional median across eligible banks of: 100 × (loans_90_plus + nonaccrual_loans) / gross_loans_and_leases phase1-fdic-13 phase1 fdic 13   quarterly fdic-13 pier20 calculation: median $1bn+ fdic filer noncurrent-loan ratio fdic-13"},{"slug":"phase1-fdic-21","title":"Median $1bn+ FDIC filer return on assets","question":"What does Median $1bn+ FDIC filer return on assets show?","href":"/benchmarks/phase1-fdic-21","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"1.22","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+8.8%","value":8.805247988090748,"tone":"up","isPercent":true},"change1Y":{"label":"+19.8%","value":19.843750134796156,"tone":"up","isPercent":true},"change5Y":{"label":"−2.8%","value":-2.7652828553566544,"tone":"down","isPercent":true},"percentileLabel":"88th","percentileValue":88,"surpriseValue":91,"surpriseLabel":"91st pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 6.3 1.3 L 12.6 3.7 L 18.9 18.6 L 25.3 13.1 L 31.6 8.6 L 37.9 7.6 L 44.2 15.5 L 50.5 17.6 L 56.8 19.8 L 63.2 23.4 L 69.5 28.0 L 75.8 27.6 L 82.1 25.9 L 88.4 25.3 L 94.7 19.3 L 101.1 17.0 L 107.4 13.6 L 113.7 11.1 L 120.0 3.3","searchText":"median $1bn+ fdic filer return on assets what does median $1bn+ fdic filer return on assets show? cross-sectional median across eligible banks of: fdic-reported annualized roa; independently 100 × annualized_net_income / average_assets phase1-fdic-21 phase1 fdic 21   quarterly fdic-21 pier20 calculation: median $1bn+ fdic filer return on assets fdic-21"},{"slug":"phase1-fdic-23","title":"Median $1bn+ FDIC filer net interest margin","question":"What does Median $1bn+ FDIC filer net interest margin show?","href":"/benchmarks/phase1-fdic-23","cluster":null,"clusterLabel":null,"frequency":"quarterly","source":"FDIC","latestLabel":"3.61","latestUnit":"%","latestDate":"2026-03-31","asOf":"Q1 2026","changeLatest":{"label":"+2.1%","value":2.0926948647705057,"tone":"up","isPercent":true},"change1Y":{"label":"+7.9%","value":7.917984533550659,"tone":"up","isPercent":true},"change5Y":{"label":"+13.5%","value":13.514432130911679,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":57,"surpriseLabel":"57th pct move","isFresh":true,"sparkPath":"M 0.0 20.9 L 6.3 20.4 L 12.6 21.2 L 18.9 28.0 L 25.3 21.8 L 31.6 15.1 L 37.9 11.2 L 44.2 11.3 L 50.5 15.1 L 56.8 16.7 L 63.2 17.6 L 69.5 24.4 L 75.8 22.5 L 82.1 21.3 L 88.4 19.6 L 94.7 12.8 L 101.1 9.3 L 107.4 5.3 L 113.7 3.6 L 120.0 0.0","searchText":"median $1bn+ fdic filer net interest margin what does median $1bn+ fdic filer net interest margin show? cross-sectional median across eligible banks of: fdic-reported annualized net interest margin phase1-fdic-23 phase1 fdic 23   quarterly fdic-23 pier20 calculation: median $1bn+ fdic filer net interest margin fdic-23"},{"slug":"phase1-cen-01","title":"U.S. monthly goods exports (world total)","question":"What does U.S. monthly goods exports (world total) show?","href":"/benchmarks/phase1-cen-01","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"208151310516.00","latestUnit":"USD","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−0.0%","value":-0.02709777583724815,"tone":"neutral","isPercent":true},"change1Y":{"label":"+15.3%","value":15.294983534899131,"tone":"up","isPercent":true},"change5Y":{"label":"+40.6%","value":40.579516809679774,"tone":"up","isPercent":true},"percentileLabel":"95th","percentileValue":95,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 27.3 L 4.0 28.0 L 8.0 23.0 L 12.0 25.7 L 16.0 14.5 L 20.0 14.7 L 24.0 15.8 L 28.0 15.9 L 32.0 17.9 L 36.0 20.1 L 40.0 13.4 L 44.0 19.2 L 48.0 21.6 L 52.0 17.4 L 56.0 19.7 L 60.0 21.6 L 64.0 14.7 L 68.0 17.1 L 72.0 18.6 L 76.0 17.8 L 80.0 16.7 L 84.0 20.0 L 88.0 10.6 L 92.0 13.2 L 96.0 16.3 L 100.0 12.8 L 104.0 14.2 L 108.0 12.4 L 112.0 0.0 L 116.0 4.7 L 120.0 4.7","searchText":"u.s. monthly goods exports (world total) what does u.s. monthly goods exports (world total) show? reported monthly export value for the selected universe phase1-cen-01 phase1 cen 01   monthly cen-01 pier20 calculation: u.s. monthly goods exports (world total) cen-01"},{"slug":"phase1-cen-02","title":"U.S. monthly general goods imports (world total)","question":"What does U.S. monthly general goods imports (world total) show?","href":"/benchmarks/phase1-cen-02","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"317408003903.00","latestUnit":"USD","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+1.8%","value":1.7802733396658166,"tone":"up","isPercent":true},"change1Y":{"label":"+19.6%","value":19.592898697620708,"tone":"up","isPercent":true},"change5Y":{"label":"+31.0%","value":30.985980798773593,"tone":"up","isPercent":true},"percentileLabel":"97th","percentileValue":97,"surpriseValue":20,"surpriseLabel":"20th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 26.1 L 8.0 22.1 L 12.0 25.4 L 16.0 12.4 L 20.0 15.2 L 24.0 19.2 L 28.0 17.9 L 32.0 23.1 L 36.0 23.4 L 40.0 21.6 L 44.0 21.1 L 48.0 23.2 L 52.0 21.7 L 56.0 23.2 L 60.0 23.7 L 64.0 22.3 L 68.0 18.0 L 72.0 14.6 L 76.0 15.1 L 80.0 18.1 L 84.0 6.5 L 88.0 0.0 L 92.0 17.7 L 96.0 13.4 L 100.0 17.5 L 104.0 21.7 L 108.0 21.8 L 112.0 10.7 L 116.0 8.1 L 120.0 6.6","searchText":"u.s. monthly general goods imports (world total) what does u.s. monthly general goods imports (world total) show? reported monthly general-import value phase1-cen-02 phase1 cen 02   monthly cen-02 pier20 calculation: u.s. monthly general goods imports (world total) cen-02"},{"slug":"phase1-cen-03","title":"U.S. monthly goods trade balance (world total)","question":"What does U.S. monthly goods trade balance (world total) show?","href":"/benchmarks/phase1-cen-03","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"-109256693387.00","latestUnit":"USD","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−5608310896.00 USD","value":-5608310896,"tone":"down","isPercent":false},"change1Y":{"label":"−24387673207.00 USD","value":-24387673207,"tone":"down","isPercent":false},"change5Y":{"label":"−15001174435.00 USD","value":-15001174435,"tone":"down","isPercent":false},"percentileLabel":"15th","percentileValue":15,"surpriseValue":31,"surpriseLabel":"31st pct move","isFresh":true,"sparkPath":"M 0.0 6.7 L 4.0 9.9 L 8.0 10.2 L 12.0 8.5 L 16.0 14.6 L 20.0 11.1 L 24.0 6.9 L 28.0 8.6 L 32.0 3.8 L 36.0 5.6 L 40.0 1.3 L 44.0 7.8 L 48.0 7.4 L 52.0 5.1 L 56.0 5.5 L 60.0 6.7 L 64.0 1.7 L 68.0 9.7 L 72.0 15.8 L 76.0 14.3 L 80.0 9.2 L 84.0 28.0 L 88.0 27.2 L 92.0 6.2 L 96.0 15.1 L 100.0 6.2 L 104.0 2.0 L 108.0 0.0 L 112.0 2.4 L 116.0 10.5 L 120.0 12.5","searchText":"u.s. monthly goods trade balance (world total) what does u.s. monthly goods trade balance (world total) show? exports_fas − general_imports_customs phase1-cen-03 phase1 cen 03   monthly cen-03 pier20 calculation: u.s. monthly goods trade balance (world total) cen-03"},{"slug":"phase1-cen-04","title":"U.S. goods export growth (world total)","question":"What does U.S. goods export growth (world total) show?","href":"/benchmarks/phase1-cen-04","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"15.29","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+2.3 pp","value":2.267394435843384,"tone":"up","isPercent":false},"change1Y":{"label":"+11.7 pp","value":11.68640254082003,"tone":"up","isPercent":false},"change5Y":null,"percentileLabel":"88th","percentileValue":88,"surpriseValue":40,"surpriseLabel":"40th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 5.0 1.0 L 10.0 12.1 L 15.0 16.2 L 20.0 16.4 L 25.0 26.7 L 30.0 28.0 L 35.0 24.5 L 40.0 21.3 L 45.0 20.2 L 50.0 15.5 L 55.0 15.7 L 60.0 16.9 L 65.0 17.2 L 70.0 21.4 L 75.0 22.2 L 80.0 20.8 L 85.0 11.7 L 90.0 17.4 L 95.0 20.8 L 100.0 7.8 L 105.0 13.3 L 110.0 6.1 L 115.0 7.3 L 120.0 7.3","searchText":"u.s. goods export growth (world total) what does u.s. goods export growth (world total) show? 100 × (value[t] / value[t−12] − 1) phase1-cen-04 phase1 cen 04   monthly cen-04 pier20 calculation: u.s. goods export growth (world total) cen-04"},{"slug":"phase1-cen-05","title":"U.S. three-month goods export momentum (world total)","question":"What does U.S. three-month goods export momentum (world total) show?","href":"/benchmarks/phase1-cen-05","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"14.53","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−0.1 pp","value":-0.13250076191404503,"tone":"down","isPercent":false},"change1Y":{"label":"+7.8 pp","value":7.809479771429849,"tone":"up","isPercent":false},"change5Y":null,"percentileLabel":"87th","percentileValue":87,"surpriseValue":9,"surpriseLabel":"9th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 5.2 4.2 L 10.4 13.7 L 15.7 14.8 L 20.9 21.4 L 26.1 28.0 L 31.3 27.8 L 36.5 23.4 L 41.7 22.0 L 47.0 19.9 L 52.2 18.3 L 57.4 16.9 L 62.6 16.9 L 67.8 20.3 L 73.0 20.4 L 78.3 20.9 L 83.5 15.9 L 88.7 14.8 L 93.9 18.8 L 99.1 14.2 L 104.3 12.7 L 109.6 9.4 L 114.8 6.5 L 120.0 7.7","searchText":"u.s. three-month goods export momentum (world total) what does u.s. three-month goods export momentum (world total) show? 100 × (sum(last 3 months) / sum(same 3 months prior year) − 1) phase1-cen-05 phase1 cen 05   monthly cen-05 pier20 calculation: u.s. three-month goods export momentum (world total) cen-05"},{"slug":"phase1-cen-06","title":"U.S. rolling-12 goods exports (world total)","question":"What does U.S. rolling-12 goods exports (world total) show?","href":"/benchmarks/phase1-cen-06","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"2339628382210.00","latestUnit":"USD","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+1.2%","value":1.1943375374829923,"tone":"up","isPercent":true},"change1Y":{"label":"+10.7%","value":10.705744820137063,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.8 23.7 L 9.6 19.4 L 14.4 17.5 L 19.2 16.0 L 24.0 15.3 L 28.8 16.9 L 33.6 19.0 L 38.4 19.8 L 43.2 20.2 L 48.0 20.5 L 52.8 20.1 L 57.6 19.1 L 62.4 18.1 L 67.2 17.8 L 72.0 17.4 L 76.8 17.3 L 81.6 16.6 L 86.4 14.8 L 91.2 14.0 L 96.0 13.1 L 100.8 11.0 L 105.6 8.8 L 110.4 5.1 L 115.2 1.8 L 120.0 0.0","searchText":"u.s. rolling-12 goods exports (world total) what does u.s. rolling-12 goods exports (world total) show? sum(latest 12 complete monthly values) phase1-cen-06 phase1 cen 06   monthly cen-06 pier20 calculation: u.s. rolling-12 goods exports (world total) cen-06"},{"slug":"phase1-cen-07","title":"Canada share of U.S. goods exports","question":"What does Canada share of U.S. goods exports show?","href":"/benchmarks/phase1-cen-07","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"14.75","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"+3.1%","value":3.064681754586873,"tone":"up","isPercent":true},"change1Y":{"label":"−7.7%","value":-7.709760357875228,"tone":"down","isPercent":true},"change5Y":{"label":"−18.7%","value":-18.677663447342862,"tone":"down","isPercent":true},"percentileLabel":"17th","percentileValue":17,"surpriseValue":49,"surpriseLabel":"49th pct move","isFresh":true,"sparkPath":"M 0.0 3.1 L 4.0 6.0 L 8.0 4.1 L 12.0 9.6 L 16.0 1.9 L 20.0 7.4 L 24.0 8.8 L 28.0 6.3 L 32.0 5.9 L 36.0 9.4 L 40.0 5.5 L 44.0 0.0 L 48.0 3.2 L 52.0 6.5 L 56.0 5.5 L 60.0 9.9 L 64.0 7.1 L 68.0 4.7 L 72.0 10.7 L 76.0 7.2 L 80.0 9.6 L 84.0 10.5 L 88.0 8.3 L 92.0 16.6 L 96.0 16.3 L 100.0 21.6 L 104.0 23.5 L 108.0 28.0 L 112.0 22.5 L 116.0 22.0 L 120.0 19.7","searchText":"canada share of u.s. goods exports what does canada share of u.s. goods exports show? 100 × partner_trade / world_trade phase1-cen-07 phase1 cen 07   monthly cen-07 pier20 calculation: canada share of u.s. goods exports cen-07"},{"slug":"phase1-cen-08","title":"Top-five country share of U.S. goods exports","question":"What does Top-five country share of U.S. goods exports show?","href":"/benchmarks/phase1-cen-08","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"44.68","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−1.3%","value":-1.2666610873423245,"tone":"down","isPercent":true},"change1Y":{"label":"−1.8%","value":-1.7626870488057778,"tone":"down","isPercent":true},"change5Y":{"label":"−12.4%","value":-12.414986019553664,"tone":"down","isPercent":true},"percentileLabel":"15th","percentileValue":15,"surpriseValue":37,"surpriseLabel":"37th pct move","isFresh":true,"sparkPath":"M 0.0 0.8 L 4.0 6.1 L 8.0 0.0 L 12.0 9.6 L 16.0 6.3 L 20.0 10.3 L 24.0 14.1 L 28.0 10.7 L 32.0 5.8 L 36.0 5.4 L 40.0 6.9 L 44.0 6.6 L 48.0 4.9 L 52.0 9.9 L 56.0 5.3 L 60.0 7.1 L 64.0 12.6 L 68.0 7.3 L 72.0 8.6 L 76.0 8.9 L 80.0 10.8 L 84.0 11.9 L 88.0 12.3 L 92.0 22.9 L 96.0 18.6 L 100.0 28.0 L 104.0 23.3 L 108.0 17.8 L 112.0 23.4 L 116.0 19.4 L 120.0 21.3","searchText":"top-five country share of u.s. goods exports what does top-five country share of u.s. goods exports show? 100 × sum(five largest country values) / world_trade phase1-cen-08 phase1 cen 08   monthly cen-08 pier20 calculation: top-five country share of u.s. goods exports cen-08"},{"slug":"phase1-cen-15","title":"Domestic share of U.S. goods exports","question":"What does Domestic share of U.S. goods exports show?","href":"/benchmarks/phase1-cen-15","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"U.S. Census Bureau","latestLabel":"80.96","latestUnit":"%","latestDate":"2026-06-30","asOf":"June 2026","changeLatest":{"label":"−1.8%","value":-1.752270289022917,"tone":"down","isPercent":true},"change1Y":{"label":"−1.1%","value":-1.126004517028445,"tone":"down","isPercent":true},"change5Y":{"label":"−4.0%","value":-4.016352213404328,"tone":"down","isPercent":true},"percentileLabel":"15th","percentileValue":15,"surpriseValue":83,"surpriseLabel":"83rd pct move","isFresh":true,"sparkPath":"M 0.0 4.2 L 4.0 4.8 L 8.0 0.8 L 12.0 5.1 L 16.0 3.6 L 20.0 0.0 L 24.0 5.5 L 28.0 5.6 L 32.0 5.1 L 36.0 6.6 L 40.0 7.6 L 44.0 5.1 L 48.0 6.1 L 52.0 4.9 L 56.0 6.0 L 60.0 8.2 L 64.0 5.1 L 68.0 6.1 L 72.0 8.3 L 76.0 11.4 L 80.0 6.9 L 84.0 12.0 L 88.0 15.3 L 92.0 22.3 L 96.0 13.9 L 100.0 12.8 L 104.0 18.8 L 108.0 28.0 L 112.0 27.6 L 116.0 11.0 L 120.0 16.2","searchText":"domestic share of u.s. goods exports what does domestic share of u.s. goods exports show? 100 × domestic_exports / total_exports phase1-cen-15 phase1 cen 15   monthly cen-15 pier20 calculation: domestic share of u.s. goods exports cen-15"},{"slug":"phase1-nass-01","title":"Planted acreage (Alabama corn)","question":"What does Planted acreage (Alabama corn) show?","href":"/benchmarks/phase1-nass-01","cluster":null,"clusterLabel":null,"frequency":"annual","source":"USDA NASS","latestLabel":"340000.00","latestUnit":"acres","latestDate":"2026-08-12","asOf":"2026","changeLatest":{"label":"−2.9%","value":-2.857142857142858,"tone":"down","isPercent":true},"change1Y":{"label":"−2.9%","value":-2.857142857142858,"tone":"down","isPercent":true},"change5Y":{"label":"+3.0%","value":3.0303030303030276,"tone":"up","isPercent":true},"percentileLabel":"80th","percentileValue":80,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 8.0 L 24.0 20.0 L 48.0 8.0 L 72.0 28.0 L 96.0 0.0 L 120.0 4.0","searchText":"planted acreage (alabama corn) what does planted acreage (alabama corn) show? official planted area phase1-nass-01 phase1 nass 01   annual nass-01 pier20 calculation: planted acreage (alabama corn) nass-01"},{"slug":"phase1-nass-02","title":"Harvested acreage (Alabama corn)","question":"What does Harvested acreage (Alabama corn) show?","href":"/benchmarks/phase1-nass-02","cluster":null,"clusterLabel":null,"frequency":"annual","source":"USDA NASS","latestLabel":"330000.00","latestUnit":"acres","latestDate":"2026-08-12","asOf":"2026","changeLatest":{"label":"−2.9%","value":-2.941176470588236,"tone":"down","isPercent":true},"change1Y":{"label":"−2.9%","value":-2.941176470588236,"tone":"down","isPercent":true},"change5Y":{"label":"+3.1%","value":3.125,"tone":"up","isPercent":true},"percentileLabel":"80th","percentileValue":80,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 8.0 L 24.0 20.0 L 48.0 8.0 L 72.0 28.0 L 96.0 0.0 L 120.0 4.0","searchText":"harvested acreage (alabama corn) what does harvested acreage (alabama corn) show? official harvested area phase1-nass-02 phase1 nass 02   annual nass-02 pier20 calculation: harvested acreage (alabama corn) nass-02"},{"slug":"phase1-nass-03","title":"Harvest conversion (Alabama corn)","question":"What does Harvest conversion (Alabama corn) show?","href":"/benchmarks/phase1-nass-03","cluster":null,"clusterLabel":null,"frequency":"annual","source":"USDA NASS","latestLabel":"97.06","latestUnit":"%","latestDate":"2026-08-12","asOf":"2026","changeLatest":{"label":"−0.1%","value":-0.08650519031141446,"tone":"down","isPercent":true},"change1Y":{"label":"−0.1%","value":-0.08650519031141446,"tone":"down","isPercent":true},"change5Y":{"label":"+0.1%","value":0.09191176470588758,"tone":"up","isPercent":true},"percentileLabel":"80th","percentileValue":80,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 6.8 L 24.0 18.7 L 48.0 6.8 L 72.0 28.0 L 96.0 0.0 L 120.0 3.3","searchText":"harvest conversion (alabama corn) what does harvest conversion (alabama corn) show? 100 × harvested_acres / planted_acres phase1-nass-03 phase1 nass 03   annual nass-03 pier20 calculation: harvest conversion (alabama corn) nass-03"},{"slug":"phase1-nass-04","title":"Yield (Alabama corn)","question":"What does Yield (Alabama corn) show?","href":"/benchmarks/phase1-nass-04","cluster":null,"clusterLabel":null,"frequency":"annual","source":"USDA NASS","latestLabel":"152.00","latestUnit":"BU / ACRE","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+35.7%","value":35.71428571428572,"tone":"up","isPercent":true},"change1Y":{"label":"+35.7%","value":35.71428571428572,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"50th","percentileValue":50,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.5 L 30.0 24.8 L 60.0 0.0 L 90.0 28.0 L 120.0 6.5","searchText":"yield (alabama corn) what does yield (alabama corn) show? official yield phase1-nass-04 phase1 nass 04   annual nass-04 pier20 calculation: yield (alabama corn) nass-04"},{"slug":"phase1-nass-05","title":"Production (Alabama corn)","question":"What does Production (Alabama corn) show?","href":"/benchmarks/phase1-nass-05","cluster":null,"clusterLabel":null,"frequency":"annual","source":"USDA NASS","latestLabel":"51680000.00","latestUnit":"BU","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+70.9%","value":70.89947089947091,"tone":"up","isPercent":true},"change1Y":{"label":"+70.9%","value":70.89947089947091,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"50th","percentileValue":50,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.4 L 30.0 23.0 L 60.0 0.0 L 90.0 28.0 L 120.0 1.0","searchText":"production (alabama corn) what does production (alabama corn) show? official production phase1-nass-05 phase1 nass 05   annual nass-05 pier20 calculation: production (alabama corn) nass-05"},{"slug":"phase1-nass-08","title":"Good/excellent condition (Alabama corn)","question":"What does Good/excellent condition (Alabama corn) show?","href":"/benchmarks/phase1-nass-08","cluster":null,"clusterLabel":null,"frequency":"weekly","source":"USDA NASS","latestLabel":"90.00","latestUnit":"%","latestDate":"2026-08-09","asOf":"9 August 2026","changeLatest":{"label":"−1.1%","value":-1.098901098901095,"tone":"down","isPercent":true},"change1Y":{"label":"+8.4%","value":8.43373493975903,"tone":"up","isPercent":true},"change5Y":{"label":"−4.3%","value":-4.255319148936165,"tone":"down","isPercent":true},"percentileLabel":"65th","percentileValue":65,"surpriseValue":14,"surpriseLabel":"14th pct move","isFresh":true,"sparkPath":"M 0.0 2.6 L 4.3 3.8 L 8.6 2.3 L 12.9 1.9 L 17.1 1.5 L 21.4 3.0 L 25.7 1.9 L 30.0 23.1 L 34.3 24.2 L 38.6 25.7 L 42.9 0.0 L 47.1 9.5 L 51.4 3.8 L 55.7 5.3 L 60.0 5.7 L 64.3 4.9 L 68.6 6.8 L 72.9 26.1 L 77.1 26.5 L 81.4 28.0 L 85.7 9.5 L 90.0 6.8 L 94.3 5.7 L 98.6 6.8 L 102.9 15.5 L 107.1 5.3 L 111.4 3.4 L 115.7 1.9 L 120.0 3.4","searchText":"good/excellent condition (alabama corn) what does good/excellent condition (alabama corn) show? % good + % excellent phase1-nass-08 phase1 nass 08   weekly nass-08 pier20 calculation: good/excellent condition (alabama corn) nass-08"},{"slug":"phase1-nass-12","title":"Planting progress (Alabama corn)","question":"What does Planting progress (Alabama corn) show?","href":"/benchmarks/phase1-nass-12","cluster":null,"clusterLabel":null,"frequency":"weekly","source":"USDA NASS","latestLabel":"95.00","latestUnit":"%","latestDate":"2026-05-17","asOf":"17 May 2026","changeLatest":{"label":"+3.3%","value":3.2608695652173836,"tone":"up","isPercent":true},"change1Y":{"label":"+1.1%","value":1.0638297872340496,"tone":"up","isPercent":true},"change5Y":{"label":"−1.0%","value":-1.041666666666663,"tone":"down","isPercent":true},"percentileLabel":"80th","percentileValue":80,"surpriseValue":11,"surpriseLabel":"11th pct move","isFresh":false,"sparkPath":"M 0.0 27.7 L 5.2 12.4 L 10.4 3.1 L 15.7 26.4 L 20.9 15.2 L 26.1 6.5 L 31.3 1.2 L 36.5 21.2 L 41.7 10.6 L 47.0 3.1 L 52.2 28.0 L 57.4 23.3 L 62.6 9.6 L 67.8 3.1 L 73.0 0.3 L 78.3 0.0 L 83.5 22.4 L 88.7 10.3 L 93.9 3.4 L 99.1 1.2 L 104.3 20.8 L 109.6 7.5 L 114.8 3.4 L 120.0 1.6","searchText":"planting progress (alabama corn) what does planting progress (alabama corn) show? official percent planted phase1-nass-12 phase1 nass 12   weekly nass-12 pier20 calculation: planting progress (alabama corn) nass-12"},{"slug":"phase1-nass-15","title":"Harvest progress (Alabama corn)","question":"What does Harvest progress (Alabama corn) show?","href":"/benchmarks/phase1-nass-15","cluster":null,"clusterLabel":null,"frequency":"weekly","source":"USDA NASS","latestLabel":"5.00","latestUnit":"%","latestDate":"2026-08-09","asOf":"9 August 2026","changeLatest":{"label":"+400.0%","value":400,"tone":"up","isPercent":true},"change1Y":{"label":"0.0%","value":0,"tone":"neutral","isPercent":true},"change5Y":{"label":"+400.0%","value":400,"tone":"up","isPercent":true},"percentileLabel":"19th","percentileValue":19,"surpriseValue":98,"surpriseLabel":"98th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.1 25.3 L 8.3 21.4 L 12.4 10.1 L 16.6 4.2 L 20.7 0.0 L 24.8 27.4 L 29.0 24.1 L 33.1 17.9 L 37.2 8.3 L 41.4 0.9 L 45.5 28.0 L 49.7 26.2 L 53.8 22.3 L 57.9 14.6 L 62.1 6.0 L 66.2 1.2 L 70.3 28.0 L 74.5 25.9 L 78.6 20.6 L 82.8 10.4 L 86.9 3.0 L 91.0 0.0 L 95.2 27.7 L 99.3 25.3 L 103.4 20.0 L 107.6 10.1 L 111.7 2.7 L 115.9 28.0 L 120.0 26.8","searchText":"harvest progress (alabama corn) what does harvest progress (alabama corn) show? official percent harvested phase1-nass-15 phase1 nass 15   weekly nass-15 pier20 calculation: harvest progress (alabama corn) nass-15"},{"slug":"phase1-noaa-01","title":"Cumulative precipitation (Chapel Hill 2 W, seven-day window)","question":"What does Cumulative precipitation (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-01","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"75.70","latestUnit":"mm","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"+57.40 mm","value":57.400000000000006,"tone":"up","isPercent":false},"change1Y":{"label":"−10.70 mm","value":-10.699999999999989,"tone":"down","isPercent":false},"change5Y":{"label":"+58.10 mm","value":58.1,"tone":"up","isPercent":false},"percentileLabel":"93rd","percentileValue":93,"surpriseValue":99,"surpriseLabel":"99th pct move","isFresh":true,"sparkPath":"M 0.0 25.5 L 3.8 17.6 L 7.5 28.0 L 11.3 27.7 L 15.0 23.9 L 18.8 24.5 L 22.5 22.6 L 26.3 21.1 L 30.0 27.7 L 33.8 26.4 L 37.5 18.6 L 41.3 26.9 L 45.0 0.0 L 48.8 26.4 L 52.5 25.4 L 56.3 28.0 L 60.0 22.6 L 63.8 26.7 L 67.5 25.0 L 71.3 22.3 L 75.0 26.8 L 78.8 24.7 L 82.5 9.8 L 86.3 26.5 L 90.0 24.6 L 93.8 26.6 L 97.5 23.0 L 101.3 27.7 L 105.0 17.3 L 108.8 28.0 L 112.5 28.0 L 116.3 22.4 L 120.0 10.9","searchText":"cumulative precipitation (chapel hill 2 w, seven-day window) what does cumulative precipitation (chapel hill 2 w, seven-day window) show? sum(valid daily precipitation) phase1-noaa-01 phase1 noaa 01   daily noaa-01 pier20 calculation: cumulative precipitation (chapel hill 2 w, seven-day window) noaa-01"},{"slug":"phase1-noaa-02","title":"Precipitation anomaly (Chapel Hill 2 W, seven-day window)","question":"What does Precipitation anomaly (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-02","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"56.06","latestUnit":"mm","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"+54.62 mm","value":54.621538461538464,"tone":"up","isPercent":false},"change1Y":{"label":"−10.70 mm","value":-10.699999999999989,"tone":"down","isPercent":false},"change5Y":{"label":"+58.10 mm","value":58.1,"tone":"up","isPercent":false},"percentileLabel":"94th","percentileValue":94,"surpriseValue":98,"surpriseLabel":"98th pct move","isFresh":true,"sparkPath":"M 0.0 26.0 L 3.8 15.2 L 7.5 19.1 L 11.3 5.2 L 15.0 8.3 L 18.8 24.3 L 22.5 24.3 L 26.3 18.5 L 30.0 26.1 L 33.8 17.8 L 37.5 24.6 L 41.3 18.8 L 45.0 2.9 L 48.8 25.7 L 52.5 25.3 L 56.3 23.3 L 60.0 0.0 L 63.8 5.6 L 67.5 24.7 L 71.3 20.0 L 75.0 23.6 L 78.8 12.4 L 82.5 13.6 L 86.3 27.6 L 90.0 28.0 L 93.8 26.2 L 97.5 20.8 L 101.3 25.5 L 105.0 16.0 L 108.8 24.7 L 112.5 25.8 L 116.3 20.0 L 120.0 9.1","searchText":"precipitation anomaly (chapel hill 2 w, seven-day window) what does precipitation anomaly (chapel hill 2 w, seven-day window) show? current_cumulative_precipitation − normal phase1-noaa-02 phase1 noaa 02   daily noaa-02 pier20 calculation: precipitation anomaly (chapel hill 2 w, seven-day window) noaa-02"},{"slug":"phase1-noaa-05","title":"Mean-temperature anomaly (Chapel Hill 2 W, seven-day window)","question":"What does Mean-temperature anomaly (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-05","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"1.09","latestUnit":"°C","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"+0.10 °C","value":0.1019743589743527,"tone":"up","isPercent":false},"change1Y":{"label":"+5.75 °C","value":5.7499999999999964,"tone":"up","isPercent":false},"change5Y":{"label":"+4.03 °C","value":4.028571428571425,"tone":"up","isPercent":false},"percentileLabel":"61st","percentileValue":61,"surpriseValue":11,"surpriseLabel":"11th pct move","isFresh":true,"sparkPath":"M 0.0 13.7 L 3.8 19.5 L 7.5 17.4 L 11.3 25.1 L 15.0 10.9 L 18.8 12.0 L 22.5 0.0 L 26.3 10.3 L 30.0 20.1 L 33.8 15.7 L 37.5 13.8 L 41.3 17.4 L 45.0 15.4 L 48.8 9.8 L 52.5 6.1 L 56.3 15.6 L 60.0 14.6 L 63.8 8.7 L 67.5 0.9 L 71.3 28.0 L 75.0 26.7 L 78.8 10.7 L 82.5 11.4 L 86.3 13.8 L 90.0 24.3 L 93.8 14.7 L 97.5 23.1 L 101.3 4.3 L 105.0 17.4 L 108.8 12.0 L 112.5 19.0 L 116.3 12.1 L 120.0 12.8","searchText":"mean-temperature anomaly (chapel hill 2 w, seven-day window) what does mean-temperature anomaly (chapel hill 2 w, seven-day window) show? mean((tmax + tmin)/2) − same-window normal phase1-noaa-05 phase1 noaa 05   daily noaa-05 pier20 calculation: mean-temperature anomaly (chapel hill 2 w, seven-day window) noaa-05"},{"slug":"phase1-noaa-07","title":"Extreme-heat days (Chapel Hill 2 W, seven-day window)","question":"What does Extreme-heat days (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-07","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"6.00","latestUnit":"days","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"0.00 days","value":0,"tone":"neutral","isPercent":false},"change1Y":{"label":"+6.00 days","value":6,"tone":"up","isPercent":false},"change5Y":{"label":"+5.00 days","value":5,"tone":"up","isPercent":false},"percentileLabel":"87th","percentileValue":87,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 12.0 L 3.9 0.0 L 7.7 4.0 L 11.6 28.0 L 15.5 28.0 L 19.4 28.0 L 23.2 28.0 L 27.1 28.0 L 31.0 24.0 L 34.8 8.0 L 38.7 20.0 L 42.6 28.0 L 46.5 28.0 L 50.3 28.0 L 54.2 28.0 L 58.1 4.0 L 61.9 4.0 L 65.8 28.0 L 69.7 28.0 L 73.5 28.0 L 77.4 28.0 L 81.3 28.0 L 85.2 0.0 L 89.0 0.0 L 92.9 16.0 L 96.8 28.0 L 100.6 28.0 L 104.5 28.0 L 108.4 28.0 L 112.3 20.0 L 116.1 24.0 L 120.0 4.0","searchText":"extreme-heat days (chapel hill 2 w, seven-day window) what does extreme-heat days (chapel hill 2 w, seven-day window) show? count(tmax > 30°c) phase1-noaa-07 phase1 noaa 07   daily noaa-07 pier20 calculation: extreme-heat days (chapel hill 2 w, seven-day window) noaa-07"},{"slug":"phase1-noaa-08","title":"Frost days (Chapel Hill 2 W, seven-day window)","question":"What does Frost days (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-08","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"0.00","latestUnit":"days","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"0.00 days","value":0,"tone":"neutral","isPercent":false},"change1Y":{"label":"0.00 days","value":0,"tone":"neutral","isPercent":false},"change5Y":{"label":"0.00 days","value":0,"tone":"neutral","isPercent":false},"percentileLabel":"0th","percentileValue":0,"surpriseValue":0,"surpriseLabel":"0th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 3.9 28.0 L 7.7 28.0 L 11.6 28.0 L 15.5 20.0 L 19.4 16.0 L 23.2 28.0 L 27.1 28.0 L 31.0 28.0 L 34.8 28.0 L 38.7 28.0 L 42.6 20.0 L 46.5 8.0 L 50.3 4.0 L 54.2 28.0 L 58.1 28.0 L 61.9 28.0 L 65.8 28.0 L 69.7 28.0 L 73.5 0.0 L 77.4 0.0 L 81.3 28.0 L 85.2 28.0 L 89.0 28.0 L 92.9 28.0 L 96.8 28.0 L 100.6 8.0 L 104.5 20.0 L 108.4 16.0 L 112.3 28.0 L 116.1 28.0 L 120.0 28.0","searchText":"frost days (chapel hill 2 w, seven-day window) what does frost days (chapel hill 2 w, seven-day window) show? count(tmin < 0°c) phase1-noaa-08 phase1 noaa 08   daily noaa-08 pier20 calculation: frost days (chapel hill 2 w, seven-day window) noaa-08"},{"slug":"phase1-noaa-11","title":"Growing-degree days (Chapel Hill 2 W, seven-day window)","question":"What does Growing-degree days (Chapel Hill 2 W, seven-day window) show?","href":"/benchmarks/phase1-noaa-11","cluster":null,"clusterLabel":null,"frequency":"daily","source":"NOAA/NCEI","latestLabel":"117.25","latestUnit":"degree-days","latestDate":"2026-08-09","asOf":"9 Aug 2026","changeLatest":{"label":"+0.85 degree-days","value":0.8500000000000085,"tone":"up","isPercent":false},"change1Y":{"label":"+40.25 degree-days","value":40.250000000000014,"tone":"up","isPercent":false},"change5Y":{"label":"+28.20 degree-days","value":28.200000000000017,"tone":"up","isPercent":false},"percentileLabel":"92nd","percentileValue":92,"surpriseValue":31,"surpriseLabel":"31st pct move","isFresh":true,"sparkPath":"M 0.0 3.4 L 3.8 0.7 L 7.5 4.6 L 11.3 21.4 L 15.0 26.4 L 18.8 26.3 L 22.5 22.1 L 26.3 21.0 L 30.0 12.6 L 33.8 3.9 L 37.5 5.7 L 41.3 26.0 L 45.0 27.8 L 48.8 28.0 L 52.5 21.2 L 56.3 4.6 L 60.0 2.2 L 63.8 8.9 L 67.5 21.1 L 71.3 28.0 L 75.0 27.8 L 78.8 14.9 L 82.5 2.0 L 86.3 0.0 L 90.0 10.4 L 93.8 19.4 L 97.5 28.0 L 101.3 25.4 L 105.0 27.9 L 108.8 16.7 L 112.5 11.5 L 116.3 0.8 L 120.0 2.1","searchText":"growing-degree days (chapel hill 2 w, seven-day window) what does growing-degree days (chapel hill 2 w, seven-day window) show? sum(max(0, min(tmean, 30°c) − 10°c)) phase1-noaa-11 phase1 noaa 11   daily noaa-11 pier20 calculation: growing-degree days (chapel hill 2 w, seven-day window) noaa-11"},{"slug":"phase1-hmda-01","title":"Credit-decision application count (Alpine County, California)","question":"What does Credit-decision application count (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-01","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"46.00","latestUnit":"applications","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−4.2%","value":-4.1666666666666625,"tone":"down","isPercent":true},"change1Y":{"label":"−4.2%","value":-4.1666666666666625,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"33rd","percentileValue":33,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.0 L 40.0 28.0 L 80.0 24.2 L 120.0 26.7","searchText":"credit-decision application count (alpine county, california) what does credit-decision application count (alpine county, california) show? count(action_taken ∈ {1,2,3}) phase1-hmda-01 phase1 hmda 01   annual hmda-01 pier20 calculation: credit-decision application count (alpine county, california) hmda-01"},{"slug":"phase1-hmda-02","title":"Origination count (Alpine County, California)","question":"What does Origination count (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-02","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"31.00","latestUnit":"originations","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−11.4%","value":-11.428571428571432,"tone":"down","isPercent":true},"change1Y":{"label":"−11.4%","value":-11.428571428571432,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"0th","percentileValue":0,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.0 L 40.0 25.8 L 80.0 23.7 L 120.0 28.0","searchText":"origination count (alpine county, california) what does origination count (alpine county, california) show? count(action_taken = 1) phase1-hmda-02 phase1 hmda 02   annual hmda-02 pier20 calculation: origination count (alpine county, california) hmda-02"},{"slug":"phase1-hmda-03","title":"Origination rate (Alpine County, California)","question":"What does Origination rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-03","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"67.39","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−7.6%","value":-7.577639751552779,"tone":"down","isPercent":true},"change1Y":{"label":"−7.6%","value":-7.577639751552779,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"0th","percentileValue":0,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.0 L 40.0 18.6 L 80.0 19.3 L 120.0 28.0","searchText":"origination rate (alpine county, california) what does origination rate (alpine county, california) show? 100 × action1 / (action1 + action2 + action3) phase1-hmda-03 phase1 hmda 03   annual hmda-03 pier20 calculation: origination rate (alpine county, california) hmda-03"},{"slug":"phase1-hmda-04","title":"Denial rate (Alpine County, California)","question":"What does Denial rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-04","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"28.26","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+35.7%","value":35.65217391304345,"tone":"up","isPercent":true},"change1Y":{"label":"+35.7%","value":35.65217391304345,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 7.2 L 80.0 14.0 L 120.0 0.0","searchText":"denial rate (alpine county, california) what does denial rate (alpine county, california) show? 100 × action3 / (action1 + action2 + action3) phase1-hmda-04 phase1 hmda 04   annual hmda-04 pier20 calculation: denial rate (alpine county, california) hmda-04"},{"slug":"phase1-hmda-05","title":"Approved-not-accepted rate (Alpine County, California)","question":"What does Approved-not-accepted rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-05","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"4.35","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−30.4%","value":-30.434782608695656,"tone":"down","isPercent":true},"change1Y":{"label":"−30.4%","value":-30.434782608695656,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"67th","percentileValue":67,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 23.7 L 80.0 0.0 L 120.0 11.2","searchText":"approved-not-accepted rate (alpine county, california) what does approved-not-accepted rate (alpine county, california) show? 100 × action2 / (action1 + action2 + action3) phase1-hmda-05 phase1 hmda 05   annual hmda-05 pier20 calculation: approved-not-accepted rate (alpine county, california) hmda-05"},{"slug":"phase1-hmda-06","title":"Withdrawal rate (Alpine County, California)","question":"What does Withdrawal rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-06","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"19.67","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+7.3%","value":7.302533532041733,"tone":"up","isPercent":true},"change1Y":{"label":"+7.3%","value":7.302533532041733,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"67th","percentileValue":67,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 0.0 L 80.0 27.5 L 120.0 11.9","searchText":"withdrawal rate (alpine county, california) what does withdrawal rate (alpine county, california) show? 100 × action4 / (actions1to5) phase1-hmda-06 phase1 hmda 06   annual hmda-06 pier20 calculation: withdrawal rate (alpine county, california) hmda-06"},{"slug":"phase1-hmda-07","title":"Incomplete-file rate (Alpine County, California)","question":"What does Incomplete-file rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-07","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"4.92","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+3.3 pp","value":3.251366120218579,"tone":"up","isPercent":false},"change1Y":{"label":"+3.3 pp","value":3.251366120218579,"tone":"up","isPercent":false},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 18.2 L 80.0 18.5 L 120.0 0.0","searchText":"incomplete-file rate (alpine county, california) what does incomplete-file rate (alpine county, california) show? 100 × action5 / (actions1to5) phase1-hmda-07 phase1 hmda 07   annual hmda-07 pier20 calculation: incomplete-file rate (alpine county, california) hmda-07"},{"slug":"phase1-hmda-08","title":"Median originated loan amount (Alpine County, California)","question":"What does Median originated loan amount (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-08","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"245000.00","latestUnit":"USD","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−31.0%","value":-30.98591549295775,"tone":"down","isPercent":true},"change1Y":{"label":"−31.0%","value":-30.98591549295775,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"0th","percentileValue":0,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 17.8 L 40.0 7.6 L 80.0 0.0 L 120.0 28.0","searchText":"median originated loan amount (alpine county, california) what does median originated loan amount (alpine county, california) show? median(loan_amount | action1) phase1-hmda-08 phase1 hmda 08   annual hmda-08 pier20 calculation: median originated loan amount (alpine county, california) hmda-08"},{"slug":"phase1-hmda-09","title":"Median interest rate (Alpine County, California)","question":"What does Median interest rate (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-09","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"6.99","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−3.8%","value":-3.752151462994835,"tone":"down","isPercent":true},"change1Y":{"label":"−3.8%","value":-3.752151462994835,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"33rd","percentileValue":33,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 0.0 L 80.0 0.5 L 120.0 3.2","searchText":"median interest rate (alpine county, california) what does median interest rate (alpine county, california) show? median(interest_rate | action1 and numeric) phase1-hmda-09 phase1 hmda 09   annual hmda-09 pier20 calculation: median interest rate (alpine county, california) hmda-09"},{"slug":"phase1-hmda-10","title":"Overall median rate spread (Alpine County, California)","question":"What does Overall median rate spread (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-10","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"0.53","latestUnit":"percentage points","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"−33.1%","value":-33.12342569269522,"tone":"down","isPercent":true},"change1Y":{"label":"−33.1%","value":-33.12342569269522,"tone":"down","isPercent":true},"change5Y":null,"percentileLabel":"33rd","percentileValue":33,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 14.7 L 80.0 0.0 L 120.0 17.0","searchText":"overall median rate spread (alpine county, california) what does overall median rate spread (alpine county, california) show? median(rate_spread | action_taken = 1 and numeric) phase1-hmda-10 phase1 hmda 10   annual hmda-10 pier20 calculation: overall median rate spread (alpine county, california) hmda-10"},{"slug":"phase1-hmda-15","title":"Investor-property share (Alpine County, California)","question":"What does Investor-property share (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-15","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"16.13","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+12.9%","value":12.903225806451623,"tone":"up","isPercent":true},"change1Y":{"label":"+12.9%","value":12.903225806451623,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 10.7 L 40.0 28.0 L 80.0 5.1 L 120.0 0.0","searchText":"investor-property share (alpine county, california) what does investor-property share (alpine county, california) show? 100 × occupancy-code-3 originations / occupancy-code-1-to-3 originations phase1-hmda-15 phase1 hmda 15   annual hmda-15 pier20 calculation: investor-property share (alpine county, california) hmda-15"},{"slug":"phase1-hmda-16","title":"Cash-out refinance share (Alpine County, California)","question":"What does Cash-out refinance share (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-16","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"50.00","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"0.0 pp","value":0,"tone":"neutral","isPercent":false},"change1Y":{"label":"0.0 pp","value":0,"tone":"neutral","isPercent":false},"change5Y":null,"percentileLabel":"33rd","percentileValue":33,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 0.0 L 40.0 28.0 L 80.0 8.4 L 120.0 8.4","searchText":"cash-out refinance share (alpine county, california) what does cash-out refinance share (alpine county, california) show? 100 × cash-out refinance originations / applicable refinance originations phase1-hmda-16 phase1 hmda 16   annual hmda-16 pier20 calculation: cash-out refinance share (alpine county, california) hmda-16"},{"slug":"phase1-hmda-17","title":"Government-backed share (Alpine County, California)","question":"What does Government-backed share (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-17","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"6.45","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+125.8%","value":125.8064516129032,"tone":"up","isPercent":true},"change1Y":{"label":"+125.8%","value":125.8064516129032,"tone":"up","isPercent":true},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 22.9 L 40.0 26.7 L 80.0 28.0 L 120.0 0.0","searchText":"government-backed share (alpine county, california) what does government-backed share (alpine county, california) show? 100 × (fha + va + usda/rhs) originations / originations phase1-hmda-17 phase1 hmda 17   annual hmda-17 pier20 calculation: government-backed share (alpine county, california) hmda-17"},{"slug":"phase1-hmda-18","title":"Manufactured-housing share (Alpine County, California)","question":"What does Manufactured-housing share (Alpine County, California) show?","href":"/benchmarks/phase1-hmda-18","cluster":null,"clusterLabel":null,"frequency":"annual","source":"HMDA","latestLabel":"3.23","latestUnit":"%","latestDate":"2025-12-31","asOf":"2025","changeLatest":{"label":"+0.4 pp","value":0.3686635944700458,"tone":"up","isPercent":false},"change1Y":{"label":"+0.4 pp","value":0.3686635944700458,"tone":"up","isPercent":false},"change5Y":null,"percentileLabel":"100th","percentileValue":100,"surpriseValue":null,"surpriseLabel":null,"isFresh":true,"sparkPath":"M 0.0 28.0 L 40.0 1.7 L 80.0 3.2 L 120.0 0.0","searchText":"manufactured-housing share (alpine county, california) what does manufactured-housing share (alpine county, california) show? 100 × manufactured-home originations / applicable originations phase1-hmda-18 phase1 hmda 18   annual hmda-18 pier20 calculation: manufactured-housing share (alpine county, california) hmda-18"},{"slug":"phase1-cfpb-01","title":"Complaint volume (published CFPB complaints nationwide)","question":"What does Complaint volume (published CFPB complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-01","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"701052.00","latestUnit":"complaints","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+12.3%","value":12.329895321430339,"tone":"up","isPercent":true},"change1Y":{"label":"+48.2%","value":48.152875664366704,"tone":"up","isPercent":true},"change5Y":{"label":"+2548.8%","value":2548.7777232024787,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":71,"surpriseLabel":"71st pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 27.5 L 8.0 27.2 L 12.0 26.9 L 16.0 26.1 L 20.0 26.5 L 24.0 26.2 L 28.0 26.0 L 32.0 25.6 L 36.0 25.5 L 40.0 25.1 L 44.0 24.8 L 48.0 24.1 L 52.0 24.2 L 56.0 24.0 L 60.0 22.6 L 64.0 21.2 L 68.0 20.6 L 72.0 18.1 L 76.0 16.8 L 80.0 16.5 L 84.0 15.2 L 88.0 12.2 L 92.0 12.0 L 96.0 8.5 L 100.0 7.5 L 104.0 7.8 L 108.0 8.5 L 112.0 3.4 L 116.0 3.2 L 120.0 0.0","searchText":"complaint volume (published cfpb complaints nationwide) what does complaint volume (published cfpb complaints nationwide) show? provider exact monthly complaint count phase1-cfpb-01 phase1 cfpb 01   monthly cfpb-01 pier20 calculation: complaint volume (published cfpb complaints nationwide) cfpb-01"},{"slug":"phase1-cfpb-02","title":"90-day complaint acceleration (published CFPB complaints nationwide)","question":"What does 90-day complaint acceleration (published CFPB complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-02","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"50.45","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"−0.2 pp","value":-0.24158672233354395,"tone":"down","isPercent":false},"change1Y":{"label":"−49.8 pp","value":-49.78624857764005,"tone":"down","isPercent":false},"change5Y":{"label":"+37.5 pp","value":37.45740697304929,"tone":"up","isPercent":false},"percentileLabel":"25th","percentileValue":25,"surpriseValue":3,"surpriseLabel":"3rd pct move","isFresh":true,"sparkPath":"M 0.0 24.8 L 4.0 27.2 L 8.0 28.0 L 12.0 23.3 L 16.0 16.3 L 20.0 18.2 L 24.0 19.3 L 28.0 15.3 L 32.0 11.9 L 36.0 14.9 L 40.0 17.7 L 44.0 17.4 L 48.0 15.6 L 52.0 16.2 L 56.0 19.2 L 60.0 17.5 L 64.0 14.5 L 68.0 11.2 L 72.0 8.3 L 76.0 4.8 L 80.0 2.8 L 84.0 0.0 L 88.0 7.6 L 92.0 10.2 L 96.0 11.3 L 100.0 13.1 L 104.0 15.2 L 108.0 20.6 L 112.0 18.7 L 116.0 18.7 L 120.0 18.7","searchText":"90-day complaint acceleration (published cfpb complaints nationwide) what does 90-day complaint acceleration (published cfpb complaints nationwide) show? 100 × (count([current_start,current_end)) / count([prior_start,prior_end)) − 1) phase1-cfpb-02 phase1 cfpb 02   monthly cfpb-02 pier20 calculation: 90-day complaint acceleration (published cfpb complaints nationwide) cfpb-02"},{"slug":"phase1-cfpb-04","title":"Mortgage share (published CFPB complaints nationwide)","question":"What does Mortgage share (published CFPB complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-04","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"0.38","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"−16.8%","value":-16.8475431962663,"tone":"down","isPercent":true},"change1Y":{"label":"−16.4%","value":-16.412009277785177,"tone":"down","isPercent":true},"change5Y":{"label":"−92.0%","value":-91.98152891173527,"tone":"down","isPercent":true},"percentileLabel":"0th","percentileValue":0,"surpriseValue":90,"surpriseLabel":"90th pct move","isFresh":true,"sparkPath":"M 0.0 3.1 L 4.0 0.0 L 8.0 5.4 L 12.0 6.6 L 16.0 12.3 L 20.0 13.8 L 24.0 13.7 L 28.0 18.0 L 32.0 18.0 L 36.0 16.0 L 40.0 20.5 L 44.0 20.9 L 48.0 21.4 L 52.0 21.9 L 56.0 22.0 L 60.0 23.2 L 64.0 24.8 L 68.0 25.8 L 72.0 26.2 L 76.0 26.7 L 80.0 26.8 L 84.0 27.2 L 88.0 27.6 L 92.0 27.6 L 96.0 27.8 L 100.0 27.9 L 104.0 27.2 L 108.0 27.2 L 112.0 27.4 L 116.0 27.6 L 120.0 28.0","searchText":"mortgage share (published cfpb complaints nationwide) what does mortgage share (published cfpb complaints nationwide) show? 100 × mortgage complaints / all complaints phase1-cfpb-04 phase1 cfpb 04   monthly cfpb-04 pier20 calculation: mortgage share (published cfpb complaints nationwide) cfpb-04"},{"slug":"phase1-cfpb-05","title":"Payment-trouble issue share (published CFPB mortgage complaints nationwide)","question":"What does Payment-trouble issue share (published CFPB mortgage complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-05","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"47.94","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"−3.9%","value":-3.891344301619337,"tone":"down","isPercent":true},"change1Y":{"label":"−6.0%","value":-5.985253693619741,"tone":"down","isPercent":true},"change5Y":{"label":"+6.9%","value":6.931163345737734,"tone":"up","isPercent":true},"percentileLabel":"22nd","percentileValue":22,"surpriseValue":48,"surpriseLabel":"48th pct move","isFresh":true,"sparkPath":"M 0.0 26.1 L 4.0 28.0 L 8.0 27.9 L 12.0 16.0 L 16.0 21.1 L 20.0 19.2 L 24.0 20.4 L 28.0 22.2 L 32.0 16.6 L 36.0 12.7 L 40.0 12.5 L 44.0 17.6 L 48.0 15.4 L 52.0 9.6 L 56.0 5.6 L 60.0 4.6 L 64.0 5.2 L 68.0 12.7 L 72.0 13.9 L 76.0 9.3 L 80.0 0.5 L 84.0 0.0 L 88.0 9.0 L 92.0 17.2 L 96.0 18.0 L 100.0 18.1 L 104.0 17.0 L 108.0 16.9 L 112.0 19.0 L 116.0 16.2 L 120.0 20.0","searchText":"payment-trouble issue share (published cfpb mortgage complaints nationwide) what does payment-trouble issue share (published cfpb mortgage complaints nationwide) show? 100 × trouble-during-payment-process complaints / mortgage complaints phase1-cfpb-05 phase1 cfpb 05   monthly cfpb-05 pier20 calculation: payment-trouble issue share (published cfpb mortgage complaints nationwide) cfpb-05"},{"slug":"phase1-cfpb-08","title":"Timely-response rate (published CFPB complaints nationwide)","question":"What does Timely-response rate (published CFPB complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-08","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"99.82","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+0.2%","value":0.20211944676353788,"tone":"up","isPercent":true},"change1Y":{"label":"+0.3%","value":0.25166579900817165,"tone":"up","isPercent":true},"change5Y":{"label":"+1.4%","value":1.3645760492281056,"tone":"up","isPercent":true},"percentileLabel":"100th","percentileValue":100,"surpriseValue":95,"surpriseLabel":"95th pct move","isFresh":true,"sparkPath":"M 0.0 28.0 L 4.0 23.3 L 8.0 22.6 L 12.0 10.6 L 16.0 12.5 L 20.0 9.8 L 24.0 9.2 L 28.0 7.2 L 32.0 7.1 L 36.0 6.1 L 40.0 3.9 L 44.0 1.7 L 48.0 2.6 L 52.0 8.8 L 56.0 6.1 L 60.0 4.9 L 64.0 4.0 L 68.0 0.8 L 72.0 1.8 L 76.0 1.2 L 80.0 0.8 L 84.0 5.1 L 88.0 9.6 L 92.0 7.3 L 96.0 4.7 L 100.0 2.8 L 104.0 6.4 L 108.0 6.4 L 112.0 7.3 L 116.0 4.2 L 120.0 0.0","searchText":"timely-response rate (published cfpb complaints nationwide) what does timely-response rate (published cfpb complaints nationwide) show? 100 × timely yes / (timely yes + timely no) phase1-cfpb-08 phase1 cfpb 08   monthly cfpb-08 pier20 calculation: timely-response rate (published cfpb complaints nationwide) cfpb-08"},{"slug":"phase1-cfpb-09","title":"Closed-with-explanation share (eligible published CFPB complaints nationwide)","question":"What does Closed-with-explanation share (eligible published CFPB complaints nationwide) show?","href":"/benchmarks/phase1-cfpb-09","cluster":null,"clusterLabel":null,"frequency":"monthly","source":"CFPB","latestLabel":"78.69","latestUnit":"%","latestDate":"2026-07-31","asOf":"July 2026","changeLatest":{"label":"+20.3%","value":20.32503558255232,"tone":"up","isPercent":true},"change1Y":{"label":"+47.3%","value":47.25031489149896,"tone":"up","isPercent":true},"change5Y":{"label":"−13.0%","value":-13.033287445443554,"tone":"down","isPercent":true},"percentileLabel":"93rd","percentileValue":93,"surpriseValue":97,"surpriseLabel":"97th pct move","isFresh":true,"sparkPath":"M 0.0 0.0 L 4.0 0.3 L 8.0 14.3 L 12.0 14.4 L 16.0 14.4 L 20.0 16.4 L 24.0 14.9 L 28.0 14.9 L 32.0 14.9 L 36.0 15.7 L 40.0 16.3 L 44.0 22.2 L 48.0 22.3 L 52.0 23.1 L 56.0 24.4 L 60.0 27.1 L 64.0 28.0 L 68.0 26.5 L 72.0 23.6 L 76.0 23.0 L 80.0 22.7 L 84.0 22.2 L 88.0 23.4 L 92.0 23.3 L 96.0 13.6 L 100.0 15.9 L 104.0 15.5 L 108.0 12.2 L 112.0 9.1 L 116.0 15.0 L 120.0 7.0","searchText":"closed-with-explanation share (eligible published cfpb complaints nationwide) what does closed-with-explanation share (eligible published cfpb complaints nationwide) show? 100 × closed-with-explanation count / eligible final-response count phase1-cfpb-09 phase1 cfpb 09   monthly cfpb-09 pier20 calculation: closed-with-explanation share (eligible published cfpb complaints nationwide) cfpb-09"}]}