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HYG/LQD Ratio

What it is

HYG/LQD Ratio — registry key hyg_lqd_ratio.

Simple HYG/LQD price ratio; credit fusion uses HY OAS + NFCI.

Source

Source module: computed
Data source: back_fillable

Fetched directly from app/sources/computed.py; see source code for the upstream API call and any provider-specific handling.

How it’s computed

HYG ÷ LQD price ratio. Junk-bond ETF over investment-grade ETF — proxy for credit risk appetite. See app/sources/market.py:235.

Where it surfaces

• API field: signals.credit_risk_ratio on GET /api/v1/signals/latest

Bands / thresholds

Classifier direction: higher_is_better.

Health-score / alignment role

Display-only — has bands for surface labeling but does not contribute to the health score (scoring is handled by a companion metric).

Release cadence

• Publishes: intraday

See also

• /kb/api/get-signals-latest — API endpoint that serves this field.