// Liquidity
Rates & Liquidity
Equity risk premium, Fed cycle, credit spreads, USD liquidity.
OverviewCycleLiquidity & RatesInflationYield CurveCross-AssetSector RegimeRisk LabMacro ScreenerEventsCryptoAI Diagnosis
// Equity Risk Premium (SPX earnings yield − 10Y)
3.14%Percentile 42 (10Y)
Neutral — pick your spots on catalysts and factors.
// Fed Policy Cycle
Holdsince 2025-07
Next FOMC · 2026-07-30
Polymarket cut
36%
Fed Funds implied
31%
// Recent actions
- 2022-03Hike 25bps
- 2023-07Hike 25bps
- 2024-09Cut 50bps
- 2025-01Cut 25bps
- 2025-07Hold
Credit Spreads · Corporate Debt Risk
| Series | OAS (bps) | Chg 5D | Trend |
|---|---|---|---|
| IG OAS | 108 | -2 | |
| HY OAS | 342 | +6 | |
| CCC OAS | 812 | +24 | |
| EMBI Spread | 296 | -8 |
Widening HY / CCC = tighter financing for small-cap growth. Prefer low-leverage blue chips when HY OAS crosses 400bps.
Global USD Liquidity
DXY
104.8
+0.2%
Global M2 (USD tn)
108.4
+0.6%
Fed Balance Sheet ($tn)
7.24
-0.4%
Reverse Repo ($bn)
328
-8.2%
Treasury General Acct ($bn)
812
+3.1%
DisclaimerAll prediction-market, equity and AI content on MirrorQuant is for research and educational purposes only and does not constitute investment advice.