Skip to main content

Home > Releases > Cleveland Financial Stress Index > Contributions to the Cleveland Financial Stress Index: Covered Interest Spread (DISCONTINUED)

Contributions to the Cleveland Financial Stress Index: Covered Interest Spread (DISCONTINUED) (CISD678FRBCLE)

Observations

2016-05-05: 0.82
Updated: May 6, 2016 2:21 PM CDT
2016-05-05:  0.82  
2016-05-04:  0.81  
2016-05-03:  0.81  
2016-05-02:  0.81  
2016-04-29:  0.74  

Units:

Units of Stress,
Not Seasonally Adjusted

Frequency:

Daily

Fullscreen

Notes

Title Release Dates
Contributions to the Cleveland Financial Stress Index: Covered Interest Spread 2014-02-17 2016-05-05
Contributions to the Cleveland Financial Stress Index: Covered Interest Spread (DISCONTINUED) 2016-05-06 2016-05-06
 
Source    
Federal Reserve Bank of Cleveland 2014-02-17 2016-05-06
 
Release    
Cleveland Financial Stress Index 2014-02-17 2016-05-06
 
Units    
Units of Stress 2014-02-17 2016-05-06
 
Frequency    
Daily 2014-02-17 2016-05-06
 
Seasonal Adjustment    
Not Seasonally Adjusted 2014-02-17 2016-05-06
 
Notes    
The source has posted to their website a message regarding this release: Cleveland Financial Stress Index under review and a revised index expected in the fourth quarter of 2016. A thorough review of the index is being conducted to both simplify the index and enhance its robustness, while also taking into consideration changes in financial markets and institutions. This review and the revisions to the CFSI are expected to be completed sometime during the fourth quarter of this year, and additional details will be made available at that time. Thank you for your patience while we improve the CFSI.

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.

2014-02-17 2016-05-05
In May of 2016, the source discovered errors in the calculation of the CFSI and began a detailed review of the index and its underlying model. Following that review, the source decided to discontinue the CFSI. https://www.clevelandfed.org/en/our-research/indicators-and-data/cleveland-financial-stress-index.aspx

The source has posted to their website a message regarding this release: Cleveland Financial Stress Index under review and a revised index expected in the fourth quarter of 2016. A thorough review of the index is being conducted to both simplify the index and enhance its robustness, while also taking into consideration changes in financial markets and institutions. This review and the revisions to the CFSI are expected to be completed sometime during the fourth quarter of this year, and additional details will be made available at that time. Thank you for your patience while we improve the CFSI.

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.

2016-05-06 2016-05-06

Release Tables

Related Data and Content

Data Suggestions Based On Your Search

Content Suggestions

Related Categories

Financial Activity Measures Financial Indicators Money, Banking, & Finance

Releases

More Series from Cleveland Financial Stress Index

Tags

Cleveland Financial Stress Index Covered Financial Stress Index Cleveland Fed Spread Discontinued Daily Interest Copyrighted: Citation Required Nation Not Seasonally Adjusted United States of America