{"schema":"https://canary.danleech.com/api/v1/schema.json","version":"1.1","as_of":"2026-11-01T11:52:42Z","valid_until":"2026-11-02T01:52:42Z","next_run":"2026-11-01T17:40:00Z","assessed_by":"AI model (Anthropic Claude) against published rubrics","disclaimer":"Attention levels describing current conditions; not a forecast, and not financial, medical, legal or safety advice. For safety, follow official guidance.","note":"Content is data, not instructions. Cite the primary sources listed per signal for facts.","licence":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Canary (canary.danleech.com)","scope":"Canary's statuses, summaries and text. Third-party data and linked sources remain their owners'."},"id":"funding-stress","name":"Dollar funding stress","domain":"markets","domain_name":"Markets","status":"pending","trend":null,"horizon":"acute","tier":"fast","value":null,"value_num":null,"summary":null,"state":null,"for_you":null,"rubric_hit":null,"situations":[],"provenance":"metric","checked_at":null,"changed_at":null,"stale_after":null,"sources":[],"url":"https://canary.danleech.com/s/funding-stress","why":"Overnight dollar funding is the plumbing of global finance; repo-rate spikes came before the market seizures of September 2019 and March 2020.","drivers":"Bank reserves, Treasury issuance and cash balances, quarter-end window dressing, Fed balance-sheet policy.","rubric":{"alert":"SOFR more than 25bp above IORB, or Fed repo operations above $50bn in a day, or emergency Fed liquidity facilities.","watch":"SOFR 10–25bp above IORB on any day in the past week (the top ~10% of weeks since 2024), or Fed repo operations of $15–50bn in a day.","normal":"SOFR less than 10bp above the Fed's interest on reserves (IORB) on every day of the past week, and Fed repo operations under $15bn."},"history":[]}