Live regime readings across major assets and risk indicators.
Sparkline: last 90 points from daily closes
Yield curve shape
NORMAL
TERM spread regime mapped to curve vocabulary.
Real rates backdrop
HIGHLY_RESTRICTIVE
TIPS / breakeven stack (engine panel).
Fed funds policy
FRAGILE
Policy rate regime (five-state engine).
HY credit OAS
CRISIS
High-yield spread regime.
IG credit OAS
FRAGILE
Investment-grade spread regime.
Manifest refreshed Oct 12, 2026 · 4:00 PM UTC