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How to track global liquidity

You can follow global liquidity with public data. Here’s what to watch, where it comes from and how to put it together.

1. Start with a composite

The quickest view is a single index. Our free Global Liquidity Index adds up the five biggest central banks and G7 and China government debt in US dollars, weekly since 2011: US$194.85 trillion for the week to 2 November 2026. How it’s built.

2. The US plumbing (FRED codes)

Fed balance sheet: WALCL (weekly) → latest
Treasury General Account: WDTGAL → latest
Overnight reverse repo: RRPONTSYD (daily) → latest
Bank reserves: WRESBAL → latest
Fed Net Liquidity = WALCL − WDTGAL − RRPONTSYD → latest (US$5.73 trillion)

3. Other central banks

The ECB publishes its weekly balance sheet on the ECB Data Portal, the Bank of Japan its monetary base, and the BIS collects balance sheet and debt securities data for many countries, usually with a lag of months.

4. Price signals

Overnight funding: SOFR against the Fed funds rate.
Rate expectations: the SOFR minus 2-year spread and the yield curve.
Stress: financial conditions and credit spreads.
The US dollar: a stronger dollar usually means tighter global liquidity.

5. Put it on one screen

Liquidity Dashboard Pro brings all of this together: 112 charts across the Fed, the ECB, the Bank of England, the Bank of Japan, the PBoC and markets, with custom overlays, momentum alerts and a weekly note. See every chart.

Questions

What is the best free way to track global liquidity?

Start with a composite index such as Liquidity Dashboard’s free Global Liquidity Index, then follow the US plumbing on FRED (WALCL, WDTGAL, RRPONTSYD, WRESBAL) and funding rates such as SOFR.

How often does global liquidity data update?

The Fed and the ECB publish weekly, the Bank of Japan monthly, and the PBoC and Bank of England figures arrive quarterly via the BIS. Market prices such as SOFR and yields update daily.

Follow it every week. The Global Liquidity Index is free. Pro adds 112 charts behind it, a weekly note on what’s driving it and an email when its momentum turns. Free for 10 days.

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General information only, not financial advice. Data can be delayed, revised or wrong. Sources and credits.