Credit & Financial Stressweekly
Financial Stress Index (StL)
St. Louis Fed Financial Stress Index, below zero = below-average stress.
-0.24
1W -32.16%1M +19.49%3M +64.42%
Updated 3m agoCredit markets are often the first to signal trouble. Widening high-yield spreads and rising financial stress indexes have historically led equity drawdowns by weeks or months. Tracking these gauges helps identify when risk appetite is contracting and defensive positioning is warranted.
Updated just now
AI Analysis
Apr 14, 2026The regional bank rally (+7.3% KRE 20D) suggests the financial stress feared in credit markets has not materialized in bank equity — this actually tempers the credit cascade risk near-term.
Recent Data
| Date | Value | Change |
|---|---|---|
| Apr 3, 2026 | -0.24 | -32.16% |
| Mar 27, 2026 | -0.18 | +50.37% |
| Mar 20, 2026 | -0.37 | -22.73% |
| Mar 13, 2026 | -0.3 | +30.20% |
| Mar 6, 2026 | -0.43 | +3.16% |
| Feb 27, 2026 | -0.44 | +9.18% |
| Feb 20, 2026 | -0.49 | +21.29% |
| Feb 13, 2026 | -0.62 | +5.44% |
| Feb 6, 2026 | -0.66 | +3.29% |
| Jan 30, 2026 | -0.68 | — |
Related in Credit & Financial Stress
HY Credit Spread (OAS)
ICE BofA High Yield Option-Adjusted Spread, the market's price of default risk.
IG Credit Spread (OAS)
ICE BofA Investment Grade OAS, credit stress in high-quality corporate bonds.
HY Effective Yield
HY corporate bond effective yield, total return required by junk bond investors.
IG Effective Yield
IG corporate bond effective yield, cost of investment-grade corporate borrowing.
Explore Further
Forecast 2026
Financial Stress Index (StL) Outlook
Scenario-weighted forecast using regime implied approach.
Comparison
Financial Stress Index vs S&P 500
The STLFSI aggregates 18 financial stress indicators including yield spreads, volatility, and funding rates. When stress...
Comparison
St. Louis Financial Stress vs Chicago NFCI
STLFSI4 (St. Louis) and NFCI (Chicago) are the two most-watched US financial stress indices. They use different inputs b...
Comparison
St. Louis Financial Stress vs High Yield (HYG)
STLFSI4 combines multiple Treasury and credit market stress measures. HYG is the credit-specific ETF. When STLFSI4 rises...
Comparison
Financial Stress Index vs VIX
VIX is pure equity volatility while STLFSI4 is broader financial stress. When STLFSI4 rises without VIX, stress is conce...
Comparison
Adjusted Chicago NFCI vs St Louis Financial Stress
Both summarize financial conditions, but ANFCI strips out the influence of macro conditions while STLFSI4 is a pure stre...
Category
All Credit & Financial Stress Data
Credit spreads, financial stress indexes, and default risk indicators. Monitor high-yield spreads, the TED spread, and s...
Frequently Asked Questions
▶What is Financial Stress Index (StL)?
St. Louis Fed Financial Stress Index, below zero = below-average stress.
▶How does Financial Stress Index (StL) relate to credit & financial stress?
Financial Stress Index (StL) is part of the Credit & Financial Stress category. Credit markets are often the first to signal trouble. Widening high-yield spreads and rising financial stress indexes have historically led equity drawdowns by weeks or months. Tracking these gauges helps identify when risk appetite is contracting and defensive positioning is warranted.
▶How often is Financial Stress Index (StL) updated?
Financial Stress Index (StL) is updated weekly, typically on the same day each week. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Financial Stress Index (StL) data?
Convex sources Financial Stress Index (StL) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Financial Stress Index (StL) chart page?
The Financial Stress Index (StL) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
Get daily macro analysis covering Financial Stress Index (StL) and related indicators delivered to your inbox.
Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.