Three absorption channels for US Treasury duration. Every figure on this dashboard comes from a primary public release with a regular schedule — no speech-derived numbers, no working-paper snapshots, no one-off pilots.
This is a companion to the essay The Dollar. The essay names the structural condition; the dashboard tracks its operational state.
Public-data proxy for dollar funding stress. SOFR above IORB means the repo market is paying more than risk-free Fed deposits — liquidity is tightening. The cross-currency basis (Bloomberg-gated) is a more direct measure of foreign hedged-carry funding stress; SOFR−IORB is its public-data proxy. The Fed swap line outstanding (H.4.1 SWPT) sits alongside as the official-channel backstop indicator.
SOFR
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IORB
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Spread
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basis points
Fed swap line WEEKLY
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Sources: NY Fed SOFR (daily, ~8:00am ET) ·
Federal Reserve IORB (daily, 4:30pm ET) ·
Federal Reserve H.4.1 SWPT (weekly Thursdays).
All via the FRED API.
Treasury auction tape DAILY
Recent coupon auctions: Notes, Bonds, TIPS. Indirect = foreign + intermediated; Direct = domestic real-money; Dealer = primary dealer house account (high = soft demand). Tail = high-yield minus median yield in basis points (high = weak). The 30-year long end is where soft demand surfaces first.
Date
Security
Size $b
BTC
Tail bp
Indir %
Dir %
Dlr %
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Source: Treasury Securities Auctions Data ·
fiscaldata.treasury.gov ·
published in real-time per auction.
Net leveraged-fund position in CFTC-reportable Treasury futures, by tenor. Net %OI is long minus short, expressed as a percentage of total open interest (CFTC-published). Persistent large net short = the basis trade is sized up. WoW change is the net-position move week-over-week. Rank is current net %OI in the per-contract 24-month percentile distribution — both extremes flagged in red: bottom decile (rank ≤ 10) = most short, basis peak; top decile (rank ≥ 90) = least short, unwind from historical max.
Contract
Long
Short
Net
Net %OI
WoW Δ
Rank
OI
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Source: CFTC Traders in Financial Futures ·
publicreporting.cftc.gov ·
released Friday 3:30pm ET (data as of prior Tuesday). Six contracts: 2Y / 5Y / 10Y / Ultra 10Y / 30Y / Ultra Bond. 3-Year (Z3N) is not in TFF; 7-Year is part of the 10Y deliverable basket.
Foreign holdings of US Treasuries MONTHLY
TIC Major Foreign Holders (Table 5) — the foreign-flow signal for Channel 1. Holdings are reported on custodial basis. MoM change shows monthly absorption (or shedding). YoY change shows the multi-month trend. Rank is current MoM change in the per-country 24-month percentile distribution — bottom decile = unusually heavy selling, top decile = unusually heavy buying.
Total foreign
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Foreign official
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T-Bonds & Notes
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T-Bills
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Top holders by country
Country
Holdings
MoM Δ
YoY Δ
Rank
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Source: TIC Major Foreign Holders (Table 5) ·
home.treasury.gov ·
released monthly with ~6-week lag. Holdings on custodial basis — some positions may be held in third-country custody and not reflect ultimate beneficial ownership.
Source map
Phase 3b covers SOFR, IORB, H.4.1 SWPT, Treasury Auctions, CFTC TFF, and TIC MFH. The full source map populates as additional fetchers come online (OFR HFM, BIS).