macro-liquidity-monitorlisted

# Macro Liquidity Monitor — USD Funding & Repo Plumbing ## The one question this answers **Is the banking system's overnight funding loose, normal, tightening, or stressed — and what's the next pressure point?** This is NOT the equity-warning radar (`macro-warning`). That one watches valuation / VIX / sentiment. This one watches the **plumbing**: where overnight cash actually clears, how much buffer is left, and whether anyone is tapping the Fed's backstop. Two lenses, both served by the same data: - **"Too loose → bubble"** (the SLR-relief / deregulation worry): watch for SOFR printing *below* IORB while the RRP buffer is gone — cash with nowhere to go. - **"Too tight → funding stress"** (a repo crisis): watch for SOFR *above* IORB, reserves near LCLoR, and SRF takeup spiking. ## When to invoke - Manual: "流动性怎么样 / liquidity check / SOFR-IORB / when does liquidity tighten". - Twice-daily batch (GitHub Actions, weekdays): **08:30 ET** morning preview (prior-day SOFR/EFFR) + **16:30 ET** post-close confirm (same-day ON RRP + SRF). Both push a Telegram digest; a 🔔 REGIME CHANGED banner is prepended on a band flip (tracked via committed `state.json`). - Around month-end / quarter-end and big Treasury-issuance / debt-ceiling weeks. ## ⭐ Canonical data pull: `scripts/liquidity_pull.py` Only dependency is `requests`. No API key. Run it: ```bash PY=/tmp/.insider_venv/bin/python; [ -x "$PY" ] || PY=python3 $PY ~/.claude/skills/macro-liquidity-monitor/scripts/liquid