Move before narrative
Identify the asset, magnitude, time window and whether the move is unusual relative to recent volatility.
GLOBAL MARKETS
See the market. Understand the mechanism.
Track equities, rates, FX, commodities, volatility and credit with a teaching layer that explains why each move matters.
REGION
EXPLANATION MODE
Latest connected market observations
loading sourcesConnected cross-asset market map
A market move is useful only if you understand the chain behind it. Start with the number, then identify the trigger, mechanism and next catalyst.
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Find the transmission chain
Connect macro data, central banks, earnings, geopolitics, positioning and liquidity to the price action.
Define catalysts
List the next releases, speeches, earnings or technical levels that could confirm or invalidate the move.
LEARN BEFORE YOU INTERPRET
How this market map works — from institutions to the number on screen
The table is not a collection of isolated prices. Every observation comes from a market, an institution or a data provider, has a timestamp, and is driven by expectations, flows, liquidity and policy. FinanceStudio shows the latest observation returned by each connected provider; that can be daily, delayed or intraday depending on the series. Always read the 'as of' date before calling a move 'today'.
FRED
FRED is the Federal Reserve Bank of St. Louis economic database. FinanceStudio currently uses public FRED series for a large part of US rates, indices, volatility, commodities and credit reference data. FRED is a data distribution source: it may republish observations originating from other institutions and it is not a real-time exchange feed.
European Central Bank
The European Central Bank public feed supplies the connected euro-area/FX observations used here. A source being 'live' means the FinanceStudio connector is working; it does not mean every underlying series changes every second.
Fed, ECB, BLS, Treasury and exchanges
The Federal Reserve sets US monetary policy; the ECB does the same for the euro area. The US Bureau of Labor Statistics (BLS) publishes major releases such as CPI and employment data. The US Treasury issues government debt. Exchanges and dealer markets are where prices are formed through orders, quotes and transactions. These institutions are important to understand even when they are not direct FinanceStudio data connectors.
10Y−2Y / 2s10s
10Y−2Y means the 10-year US Treasury yield minus the 2-year yield. If 10Y = 5.20% and 2Y = 4.80%, the spread is +0.40 percentage point = +40 bps. A negative result means this section of the curve is inverted.
bps
bps means basis points. 100 bps = 1.00 percentage point; 25 bps = 0.25 point. Basis points prevent ambiguity when discussing changes in yields, policy rates and spreads.
IG / HY / OAS
IG = Investment Grade; HY = High Yield. OAS = Option-Adjusted Spread, a credit spread measure designed to compare compensation for credit risk after adjusting for embedded options. Wider spreads usually mean investors demand more compensation for risk.
Price formation is the interaction of information, expectations and orders
Central banks & governments
Policy rates, balance-sheet policy, fiscal deficits, debt issuance and regulation change the price of money and the supply of securities.
Data releases
CPI, payrolls, GDP and surveys matter because they change what investors expect central banks, companies and consumers to do next. The surprise versus consensus often matters more than the absolute number.
Investors, dealers & liquidity
Asset managers, banks, hedge funds, pensions, insurers, corporates, retail traders and algorithms submit orders. Market makers quote prices and manage inventory. Thin liquidity can amplify a move even without a major new fundamental fact.
You do not need to finish all of them before using Markets. Use these links as a learning map whenever a number or relationship is unclear.