Research libraryMacro & markets
Alt30 Financial Conditions Monitor · 2026-09-24
Financial conditions, with our read on them.
Policy and the yield curve, credit spreads, and market stress, refreshed from FRED, with Alt30's take on each number.
Alt30 Financial Conditions MonitorSep 24, 2026United StatesPilot edition · unsponsored
Policy & the curve
Where the Fed has rates, and what the bond market expects.
Fed funds rate (effective) held at 3.88%. 10-year Treasury is 5.11%, up 0.10 pp over the past wk. 10yr-2yr spread is +0.31 pp, up 0.04 pp over the past wk.
3.88%
Fed funds rate (effective) · +0.00 pp/wk · as of 2026-09-23
5.11%
10-year Treasury · +0.10 pp/wk · as of 2026-09-23
+0.31 pp
10yr-2yr spread · +0.04 pp/wk · as of 2026-09-24
Credit spreads
What lenders charge over Treasuries to take on risk.
High-yield bond spread is 2.73%, up 0.03 pp over the past wk. Investment-grade bond spread is 0.77%, down 0.01 pp over the past wk.
2.73%
High-yield bond spread · +0.03 pp/wk · as of 2026-09-23
0.77%
Investment-grade bond spread · -0.01 pp/wk · as of 2026-09-23
Conditions & stress
The overall tightness of financial conditions, and market stress.
Financial conditions index (Chicago Fed) is -0.6, up 0.0 over the past wk. Financial stress index (St. Louis Fed) is -0.9, down 0.1 over the past wk. VIX (equity volatility) is 14.2, down 3.0 over the past wk.
-0.6
Financial conditions index (Chicago Fed) · +0.0/wk · as of 2026-09-18
-0.9
Financial stress index (St. Louis Fed) · -0.1/wk · as of 2026-09-18
14.2
VIX (equity volatility) · -3.0/wk · as of 2026-09-22
Data in this edition
- Federal Reserve Economic Data (FRED), St. Louis Fed; each series stamped with its own release date
- Rates & spreads: Federal Reserve Board & ICE BofA; conditions & stress: Chicago Fed (NFCI), St. Louis Fed (stress index), Cboe (VIX)
Sources carry different vintages and lags by design and are never combined inside one figure. The write-up's caveats section says what the index does and does not claim.
Cite as
Alt30 (2026). Alt30 Financial Conditions Monitor, Weekly (v0.1.0). Alt30. https://portal.alt-30.com/reports/financial-conditions
This edition is unsponsored. Sponsorship and white-label distribution are available for future editions; the analysis layer is never touched by sponsor branding.
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