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db's r* bit was interesting.... anyway, I came across this link attempting to measure bond stress I haven't seen in these here parts before,

https://www.newyorkfed.org/research/policy/cmdi#/interactive

,while thinking (~20230213) about the narrative trying to explain the "bear market rally" since October 2022 as a consequence of four big central banks supplying liquidity to the Markets. Following the link on the CMDI FAQ page about CISS leads to a warren of rabbit holes ... the point being the recent OECD CB squirt of liquidity would appear to line up with IG Big-Corporate bond market stress arc increasing and now subsiding on the chart.... Out of time as I must tend my own garden, so I'll just post some links for CISS spelunking for the plethora of readers who might be as unawares as I was and probably still am.

First, an example for German 10y:

https://sdw.ecb.europa.eu/quickview.do;jsessionid=DD2F4FE6CF67BDABC4FF1E12056CE251?SERIES_KEY=290.CISS.D.U2.Z0Z.4F.EC.SS_BM.CON

Second, for the total EU chartgasmic experience:

https://sdw.ecb.europa.eu/browseExplanation.do?node=9689686

...

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