Limen · Research
Global Liquidity
The plumbing behind risk. Global dollar liquidity, the rates complex, and cross-asset stress — the read that frames every Limen position.AS OF
2026-11-08
2026-11-08
US Liquidity Cycle · bandpass · 2013–presentNet liquidity (WALCL − TGA − RRP) → cycle-band filter, normalized 0–100 · latest months provisional46.5/100 · falling▼ below neutral -0.64% MoM · level $5.75T
FALLING · BELOW NEUTRALDerived · FRED · 2026-11-05
Liquidity Plumbing
Fed Balance Sheet
$6.75T
▼ -8B
FRED · 2026-11-05
Reverse Repo (ON RRP)
$0.1B
▼ ON RRP
FRED · 2026-11-07
Treasury General Acct
$1000B
▲ +48B
FRED · 2026-11-05
Bank Reserves at Fed
$2.89T
▼ -69B
FRED · 2026-11-05
Rates & Curve
2s10s Spread
+0.34%
▲ +3.0bp
Derived 10Y−2Y · 2026-11-07
2Y UST Yield
4.52%
▼ -0.07%
TradingEconomics · 2026-11-07
10Y UST Yield
4.86%
▼ -0.04%
FRED · 2026-11-07
SOFR − Fed Funds
+4.5bp
▲ SOFR ≥ policy
Derived · FRED · 2026-11-07
Dollar & Risk
DXY
102.31
▲ +0.76
Yahoo · 2026-11-06
MOVE Index
92.8
▼ -1.1
Yahoo · 2026-11-07
Monetary Inflation Hedge
Gold (XAU)
$4,080
▼ -37
Yahoo · 2026-11-07
Bitcoin
$75,838
▲ +236
Yahoo · 2026-11-08