SERIES: BAMLH0A0HYM2 (3.26)
VIXCLS (17.2)
INDPRO (103.9506)
UMCSENT (48.1)
CPIAUCSL (336.298)
CPILFESL (338.896)
DCOILWTICO (103.37)
MORTGAGE30US (7.24)
PCEPI (132.257)
ICSA (194000)
PAYEMS (159044)
UNRATE (4.2)
M2SL (23413.9)
NETLIQ (5745.73)
RRPONTSYD (4.375)
WALCL (6745635)
WTREGEN (999727)
DFII10 (2.63)
DGS10 (4.98)
DGS2 (4.61)
FEDFUNDS (3.75)
SOFR (3.94)
T10Y2Y (0.38)
FRED // WTREGEN
U.S. Treasury General Account (TGA) at Federal Reserve
LIQUIDITY Weekly
OBSERVATION DATE: 2026-10-28 • UNIT: $M
LATEST OBSERVATION
999727 $M
PRIOR / PERIOD Δ
952002 (+ 47725.00)
YOY CHANGE
+ 4.36 $M
WTREGEN // U.S. Treasury General Account (TGA) at Federal Reserve ($M)1Y: +41737.00 (+4.4%)
2026-10-28OBSERVATION: 999,727 ($M)
11 S&P 500 GICS SECTOR PEARSON CORRELATION MATRIX VS. WTREGEN SORTED TAILWIND (+r) ──► HEADWIND (-r)
| ETF | GICS SECTOR | PEARSON r | CORRELATION BAR (-1 TO +1) | R² | BETA / REGIME TRANSMISSION |
|---|---|---|---|---|---|
| XLV | Health Care | +0.07 r | | 1% | [+0.43% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLP | Consumer Staples | +0.06 r | | 0% | [+0.28% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLE | Energy | +0.04 r | | 0% | [+0.38% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLB | Materials | +0.03 r | | 0% | [+0.24% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLU | Utilities | +0.03 r | | 0% | [+0.21% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLY | Consumer Discretionary | +0.02 r | | 0% | [+0.21% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLK | Technology | +0.01 r | | 0% | [+0.08% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLC | Communication Services | -0.00 r | | 0% | [-0.01% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLRE | Real Estate | -0.01 r | | 0% | [-0.07% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLI | Industrials | -0.02 r | | 0% | [-0.12% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
| XLF | Financials | -0.02 r | | 0% | [-0.17% per +1% delta] Low-beta regime neutral across 5Y WALCL cycle (261W) |
AI MACRO REGIME IMPACT BRIEF RESTRICTIVE
U.S. Treasury General Account (TGA) at Federal Reserve (WTREGEN) Prints 999727 $M (Prior: 952002 $M)
Cross-asset regression across S&P 500 GICS sectors demonstrates significant factor dispersion to U.S. Treasury General Account (TGA) at Federal Reserve. Portfolio managers utilize WTREGEN inflections to rotate between short-duration cash-flow sectors and long-duration growth multiples.
▲ REGIME TAILWIND SECTORS
XLV // Health Care
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = +0.07, R² = 1%)
XLP // Consumer Staples
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = +0.06, R² = 0%)
XLE // Energy
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = +0.04, R² = 0%)
▼ REGIME HEADWIND SECTORS
XLF // Financials
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = -0.02, R² = 0%)
XLI // Industrials
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = -0.02, R² = 0%)
XLRE // Real Estate
Low-beta regime neutral across 5Y WALCL cycle (261W) (Pearson r = -0.01, R² = 0%)
HISTORICAL ANALOG // Comparable to 2022–2025 post-ZIRP monetary normalization where real-rate sensitivity dominated equity factor attribution.
EQUITIES MOST SENSITIVE TO WTREGEN STOCK BETA
| TICKER | LAST | % CHG | CORR (r) |
|---|---|---|---|
| GS Financials | $894.55 | -3.58% | -0.68 |
| XOM Energy | $187.25 | +2.16% | + 0.60 |
| JPM Financials | $337.04 | -1.90% | -0.59 |
| AMZN Consumer Discretionary | $240.35 | -1.41% | -0.52 |
| AVGO Technology | $326.08 | -5.48% | -0.51 |
| AAPL Technology | $344.63 | -1.23% | -0.48 |
| NVDA Technology | $204.64 | -4.22% | -0.47 |
| CAT Industrials | $622.75 | -3.81% | -0.45 |
| NFLX Communication Services | $62.08 | +0.05% | -0.43 |
| GOOGL Communication Services | $279.84 | -1.40% | -0.43 |