TRENDS
How the score — and everything behind it — has moved
Every score MMAI has published, and the figures underneath it. Open a dimension to see what it has been doing on its own, and the raw indicator it is built from.
◆ What changed?
- Composite score moved -4.7 over this period.
- Largest move this period: Direction, +14.9 points.
- Smallest move this period: Capacity, -0.7 points.
2 — EXPLORE THE THREE DIMENSIONS
Follow one dimension through the record
Each card shows how that dimension ranks right now against the 148 market-years the headline uses, and what it measures.
What the economy feels like to live in right now. Prices near target and people in work.
A central bank raises its policy rate specifically to cool inflation — and that same rate hike typically slows hiring, nudging unemployment up. This is where that relationship shows up in United States's own numbers.
Each rate also moves for reasons of its own, so not every wiggle lines up.
Three charts, not three lines. All three are quoted in per cent, which makes them look like the same kind of quantity — put on one axis they would sit almost on top of each other and appear to track far more closely than they do. Each has its own scale here, so what you are comparing is the shape over time.
MARKET RATES · DAILY
What lenders charge governments to borrow for ten years
The policy rate is what a central bank decides. This is what the market decides — and unlike every other figure on this page, it moves every trading day. Not part of the MMAI score.
6 markets, not 9. Sweden, Norway and South Korea have no card here, because the daily figure would have to come from the Riksbank, Norges Bank and its own central bank, whose terms do not confirm that commercial reuse is permitted — and this site does not publish a source it cannot show a licence for. Eurostat publishes a monthly ten-year yield for them, which is a different measure from the daily curves above and is deliberately not mixed into them.
One source per market: the US Treasury, Bank of England, ECB, Bank of Canada, the RBA, and Japan's Ministry of Finance. Collected daily and stored, so this history survives a source changing shape or disappearing. Markets close at weekends and on public holidays — those days are gaps, never zeros. Latest reading 19 May 26.
On the 10y−2y , shown for the two markets that publish both maturities: a negative number means lenders want more to lend for two years than for ten. That is unusual, and worth reading alongside everything else rather than on its own.