Fails / Specialness

Stale

Volume of Treasury settlement fails — an early-warning signal of liquidity stress or securities scarcity

Latest Fails Measure$219.5 billion

Fails to Deliver$102.2 billion

Fails to Receive$117.3 billion

1-week Change-$16.4 billion

4-week Change+$70.1 billion

Key Metrics

Latest Fails Measure

$219.5 billion

Fails to Deliver

$102.2 billion

Fails to Receive

$117.3 billion

1-week Change

▼-$16.4 billion

4-week Change

▲+$70.1 billion

13-week Change

▲+$69.1 billion

Chart

Sources·NY Fed / Treasury.gov as of 2026-05-27