This chart shows the contribution of the covered interest spread to the CFSI. This spread measures the difference between the 90-Day UK Treasury yield and the 90-Day US Treasury Yield. It contains information about uncertainty in government bond markets. A widening spread signals unwillingness to hold a government's debt, which implies difficulty in acquiring liquidity for governments, signaling the onset of stress.
Release: Cleveland Financial Stress Index
Federal Reserve Bank of Cleveland, Contributions to the Cleveland Financial Stress Index: Covered Interest Spread [CISD678FRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/CISD678FRBCLE, February 8, 2016.