macro/high confidence

Private Credit Stress Sensor

Monitors private credit systemic risk via public proxies. The #1 systemic risk of 2025-2026. Stress transmits through HY spreads, bank lending standards, BDC equity, and C&I loans.

STABLE
Live
Since Mar 9, 2026

State History

NORMAL
SEVERE
STABLE
ELEVATED
260 readings|1 state change|NORMAL: 65%STABLE: 35%

State Definitions

NORMAL

Score 1 -- mild tightening.

SEVERE

Score >= 4 -- credit crunch conditions.

STABLE

Score 0 -- credit conditions healthy.

ELEVATED

Score 2-3 -- significant credit stress.

Sources

Read-only intelligence. Sensor states are diagnostic observations, not predictions.