Market Monitor

Generated: 2026-08-21 19:25 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.7

S&P 500 1D-0.87%

US 10Y 1M+2bps

Gold/Copperrisk-off ▲ +0.74%

Data flags0

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.7	-2.12%	+9.96%	-16.20%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	66.7	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	704.3	—	—	—

Futures-based: GC=F (Gold), SI=F (Silver), HG=F (Copper). Spot sources attempted and failed.

Section 1 — Equity Indices

Returns in local index currency. See Section 6 FX table for USD currency impact. ETF proxies: ACWI, URTH, EEM. Colour: moves within ±1% render neutral grey (D5, review after one week); the signed number always carries direction.

Index	Level	1D	1W	1M	3M
Global
MSCI ACWI ACWI as of 2026-08-20 00:00:00	159.97	-0.45%	-1.54%	+2.42%	+3.81%
MSCI World URTH as of 2026-08-20 00:00:00	207.83	-0.66%	-1.74%	+2.33%	+3.84%
MSCI EM EEM as of 2026-08-20 00:00:00	66.62	+0.77%	-0.09%	+2.51%	+2.30%
Americas
S&P 500 ^GSPC as of 2026-08-20 00:00:00	7,641.16	-0.87%	-2.02%	+1.90%	+2.80%
Nasdaq 100 ^NDX as of 2026-08-20 00:00:00	29,213.16	-0.72%	-2.90%	+0.74%	-0.29%
TSX Composite ^GSPTSE as of 2026-08-20 00:00:00	36,365.40	-0.10%	-1.07%	+2.82%	+5.68%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-21 00:00:00	6,439.23	+0.27%	-1.53%	+3.69%	+6.19%
FTSE 100 ^FTSE as of 2026-08-21 00:00:00	10,766.47	+0.17%	+0.15%	+1.20%	+2.62%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-21 00:00:00	66,016.36	-0.30%	-3.93%	-0.15%	+4.23%
STI ^STI as of 2026-08-21 00:00:00	5,688.96	+0.30%	-0.95%	+1.67%	+12.75%
ASX 200 ^AXJO as of 2026-08-21 00:00:00	9,058.90	-0.27%	-0.62%	+2.49%	+4.22%
CSI 300 000300.SS as of 2026-08-21 00:00:00	4,618.90	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-21 00:00:00	8,634.34	+1.01%	+3.52%	+3.37%	+1.88%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-08-20 00:00:00	159.97	+10.02%	+22.40%	+76.71%	+68.60%	+227.25%
MSCI World URTH as of 2026-08-20 00:00:00	207.83	+10.18%	+20.67%	+75.87%	+71.71%	+242.93%
MSCI EM EEM as of 2026-08-20 00:00:00	66.62	+9.71%	+36.34%	+83.84%	+44.48%	+123.33%
Americas
S&P 500 ^GSPC as of 2026-08-20 00:00:00	7,641.16	+11.36%	+19.18%	+72.18%	+71.29%	+251.24%
Nasdaq 100 ^NDX as of 2026-08-20 00:00:00	29,213.16	+17.81%	+24.92%	+94.27%	+93.61%	+510.72%
TSX Composite ^GSPTSE as of 2026-08-20 00:00:00	36,365.40	+8.25%	+30.70%	+82.75%	+77.21%	+150.30%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-21 00:00:00	6,439.23	+6.26%	+17.43%	+48.70%	+53.45%	+113.33%
FTSE 100 ^FTSE as of 2026-08-21 00:00:00	10,766.47	+0.74%	+15.50%	+46.71%	+51.09%	+57.85%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-21 00:00:00	66,016.36	+16.21%	+60.78%	+103.17%	+127.12%	N/A
STI ^STI as of 2026-08-21 00:00:00	5,688.96	+13.74%	+34.82%	+77.96%	+80.86%	+101.15%
ASX 200 ^AXJO as of 2026-08-21 00:00:00	9,058.90	+0.36%	+0.96%	+26.52%	+20.97%	+68.61%
CSI 300 000300.SS as of 2026-08-21 00:00:00	4,618.90	N/A	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-21 00:00:00	8,634.34	-5.89%	-3.17%	+37.69%	-15.92%	N/A

Section 2 — Government Bond Yields, Cash Rates & Spreads

All changes in basis points (bps). Positive bps = rate rose (red). Monthly series: 1D/1W changes N/A. Colour: changes within ±10bps render neutral grey (D4).

Market / Instrument	Rate	1M Δbps	3M Δbps	1Y Δbps
United States (FRED, daily)
Cash Rate	3.63%	0bps	0bps	-26bps
2Y Yield	4.19%	-7bps	+6bps	+44bps
10Y Yield	4.65%	+2bps	-2bps	+32bps
30Y Yield	5.19%	+6bps	+1bps	+27bps
↳ 2-10 Spread	+46bps
↳ 3M-10Y Spread (NY Fed recession)	+79bps
Canada (BoC Valet API)
Cash Rate	2.26%	-3bps	0bps	-50bps
2Y Yield	2.98%	+14bps	+5bps	+29bps
10Y Yield	3.69%	+12bps	+11bps	+28bps
30Y Yield ("Long" bond)	4.09%	+11bps	+15bps	+29bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.79%	+3bps	+31bps	+83bps
10Y Yield	3.28%	+8bps	+29bps	+44bps
30Y Yield	3.73%	+8bps	+26bps	+43bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.28%	N/A	N/A	N/A
10Y Yield	5.12%	N/A	N/A	N/A
30Y Yield	5.92%	N/A	N/A	N/A
Japan (MoF CSV daily — 2Y/10Y/30Y; FRED monthly cash rate)
Cash Rate ⚠️monthly	0.84%	+11bps	+11bps	+36bps
2Y Yield	1.68%	N/A	N/A	N/A
10Y Yield	2.85%	N/A	N/A	N/A
30Y Yield	4.00%	N/A	N/A	N/A
Singapore (MAS SGS daily — 6M T-bill + 2Y/5Y/10Y/30Y)
Cash Rate	1.55%	N/A	N/A	N/A
2Y Yield	1.68%	N/A	N/A	N/A
10Y Yield	2.36%	N/A	N/A	N/A
30Y Yield	2.49%	N/A	N/A	N/A
Australia (RBA xlsx daily — f01d/f02d; FRED monthly fallback)
Cash Rate	4.35%	0bps	0bps	+75bps
2Y Yield	4.58%	+4bps	-3bps	+125bps
10Y Yield	5.05%	+9bps	+8bps	+75bps
China (ChinaBond daily — 0Y proxy/2Y/10Y/30Y; FRED cash rate fallback)
Cash Rate	0.99%	N/A	N/A	N/A
2Y Yield	1.24%	N/A	N/A	N/A
10Y Yield	1.68%	N/A	N/A	N/A
30Y Yield	2.13%	N/A	N/A	N/A

Section 3 — Credit (OAS)

OAS in basis points. Widening = red (credit risk rising). Tightening = green. FRED ICE BofA series. Colour: changes within ±2bps render neutral grey (D3 default band).

Index	OAS (bps)	1M Δbps	3M Δbps	1Y Δbps
US IG OAS (ICE BofA US Corporate)	81bps	+3bps	+7bps	0bps
US HY OAS (ICE BofA US High Yield)	273bps	+4bps	-1bps	-15bps
EUR HY OAS (ICE BofA Euro HY)	255bps	+5bps	-32bps	-38bps
EUR IG OAS	Data gap — no ICE BofA EUR IG OAS series available on FRED.
GBP IG OAS	Data gap — no FRED series confirmed. ETF price proxy (SLXX.L) excluded: price ≠ OAS.

Section 4 — REITs

ETF	Price	1D	1W	1M	3M
US REITs (Vanguard Real Estate) VNQ as of 2026-08-20 00:00:00	98.60	-0.01%	+0.02%	-0.42%	+3.09%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-20 00:00:00	45.69	+0.42%	+0.09%	+0.42%	-0.70%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-08-20 00:00:00	98.60	+6.76%	+13.24%	+35.66%	+12.54%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-20 00:00:00	45.69	-8.73%	+1.17%	+31.60%	-5.05%

Section 5 — Commodities

All commodities: yfinance front-month futures. Returns in USD.

Commodity	Level	1D	1W	1M	3M	1Y
WTI Crude Oil CL=F front-month futures as of 2026-08-21 00:00:00	87.22 USD/bbl	-0.69%	+5.85%	-5.39%	-9.48%	+37.98%
Brent Crude Oil BZ=F front-month futures as of 2026-08-21 00:00:00	94.09 USD/bbl	+0.33%	+6.29%	-6.55%	-8.28%	+40.77%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-21 00:00:00	2.80 USD/MMBtu	+2.31%	+2.31%	-4.12%	-7.36%	+1.60%
Gold GC=F front-month futures as of 2026-08-21 00:00:00	4,649.80 USD/oz	+2.96%	+6.15%	+14.91%	+2.42%	+39.07%
Silver SI=F front-month futures as of 2026-08-21 00:00:00	69.82 USD/oz	+2.64%	+7.44%	+20.81%	-8.62%	+85.19%
Copper HG=F front-month futures as of 2026-08-21 00:00:00	6.60 USD/lb	+2.15%	-0.01%	+4.66%	+5.47%	+49.10%
Broad Commodities (DJP) DJP ETN proxy as of 2026-08-20 00:00:00	50.34 price	+0.84%	+4.50%	+3.88%	+0.16%	+51.49%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-08-20 00:00:00	14.19 price	+1.32%	+2.16%	+13.43%	+17.18%	+82.55%

Section 6 — Currencies & Digital Assets vs USD

All as "USD per 1 unit of foreign currency". Positive % = that currency strengthened vs USD. ⚠️ Direction verified on first run. JPY/CAD/SGD/CNY are inverted FRED series.

Currency / Asset	Rate (USD/unit)	1D	1W	1M	3M	1Y
CAD/USD	0.7209	+0.45%	+0.44%	+1.16%	-1.07%	-0.79%
EUR/USD	1.1581	+0.43%	+0.19%	+1.17%	-0.83%	-0.79%
GBP/USD	1.3556	+0.44%	+0.43%	+0.53%	+0.56%	+0.35%
JPY/USD	0.0063	+0.09%	-1.05%	+2.02%	-0.71%	-7.17%
SGD/USD	0.7823	+0.16%	-0.02%	+0.92%	-0.31%	+0.32%
AUD/USD	0.7091	+0.47%	+0.38%	+1.24%	-1.85%	+8.56%
CNY/USD	0.1483	+0.02%	+0.09%	+0.47%	+0.65%	+6.49%
Bitcoin 24/7; midnight UTC ref	$77,396	+5.97%	+23.20%	+23.21%	+21.80%	-14.26%

Sources: FRED (Federal Reserve Bank of St. Louis) · ECB Statistical Data Warehouse · Bank of England yield curve ZIP (par curve) / IADB fallback · Bank of Canada Valet API · RBA Statistics (xlsx) · MAS SGS Benchmark Prices · Japan MoF JGB CSV (daily par yields) / FRED monthly fallback · yfinance · ICE BofA Indices via FRED

Methodology: Equity/REIT/commodity returns use adjusted close, trading-day lookback, local currency. Bond/rate changes in basis points (absolute). OAS in bps from FRED % values (widening=red). FX as USD per 1 unit of foreign currency (positive % = foreign currency strengthened vs USD). All commodities: yfinance front-month futures (Phase 2k — EIA spot retired due to T+2 lag).

Monthly series (⚠️monthly): Japan cash rate — FRED monthly (no free daily source). Japan 10Y — MoF CSV daily if available, else FRED monthly. Australia — FRED monthly fallback if RBA xlsx fetch fails. Sparse policy rate (⚠️sparse): ECB DFR updates on 6-week meeting cycle — not a monthly source. 1D/1W changes N/A for monthly series.

30Y yields note: UK = BoE ZIP par curve 30Y (Phase 2h); falls back to IADB 20Y (IUDLNPY) if ZIP unavailable. Canada = BoC "Long" bond (BD.CDN.LONG.DQ.YLD; verify label on first run). Australia = permanent gap (RBA F2 table goes to 10Y only). China = ChinaBond 30Y govt yield curve (daily spot).

China sources (Phase 2i): Cash rate = ChinaBond 0Y proxy (daily); 2Y/10Y/30Y = ChinaBond yield curve (daily). FRED PBOC LPR monthly retained as cash rate fallback if ChinaBond unavailable.

Generated 2026-08-21 19:25 SGT | Market Monitor Phase 4g

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