Retained incident replay

USBOND liquidity is low relative to open interest

What happened

Two-sided depth within 1% is 4.90% of open interest.

Why it matters

This deterministic condition affected mkts:USBOND on mkts. It is evidence to review, not proof that a loss or manipulation occurred.

Lifecycle

• Status resolved; severity warning
• Detected 2026-08-28T08:00:13.321Z
• Current cycle 2026-09-19T22:06:38.509Z
• Resolved 2026-09-19T22:47:12.589Z

Recommended action

Compare the current oracle, mark, liquidity, funding, exposure, coverage, and freshness before changing a position or operating decision.

Open mkts:USBOND market evidence

{
  "depth100BpsUsd": 81268.79211400001,
  "openInterestNotionalUsd": 1657217.1971999998,
  "adequacyPercent": 4.903931256042364,
  "thresholdPercent": 5
}