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.
NORMAL
Live
Since Mar 12, 2026State History
NORMAL
SEVERE
STABLE
ELEVATED
984 readings|16 state changes|NORMAL: 71%STABLE: 29%
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.