Readings may not describe today1 scheduled close did not landWhy →
1 behind

1 scheduled close did not land — the daily index publish was due at 10:37 UTC on 2026-09-10 and the newest print on file is still 2026-09-09. The reading below is carried forward from that date and does not describe today.

Readings below are the last that settled; none has been carried forward, restated or interpolated to cover the gap. Every row states its own date and wears its own age. How the desk publishes

WRAT4

W.E.T. Rates Economics Index 2mo

v1StandingExperimentalMonthly
Governed close level
no level published
Gauge
64.36
0–100 · rung 6
Divisor
what chains this level to the last
Closes
18
latest 2026-09-09
Coverage
21 of 21 admitted markets pricedκ 1.0000 · floor 0.95weights two-sided-depth · cap 15.0%
Withheld by the sentinel

45 input(s) were quarantined by sentinel/v1 before this close and are excluded from the reading above.

What would make this reading wrong
  • The "rates" axis stops appearing in economics titles: the selector then admits fewer than 6 markets and the index prints nothing rather than a level over a roster that no longer states the thesis.
  • Weight coverage falls below the declared floor of 95%, at which point the published state is insufficient_data and no value is printed — never a value carried forward from the last close that had one.
  • A published axis starts framing this board. No axis frames a majority of it today (polarity frames 0 of 6, severity frames 0 of 6, threshold frames 1 of 6), and that measurement is what put this worldview on a side-symmetric lens; a composition whose sides become readable is a different index and belongs to a successor spec rather than to an edit of this one.
How this reading was constructed (6)
  • universe: resolved by universe/v1 over 11653 candidate canonical event(s) from the `tape-text` source (${m.title ?? ''} ${m.marketRef}), admitting 43. Rejections by reason: keyword-miss 11548, category-not-admitted 2, horizon-outside-window 60.
  • universe: the declared 17–60d horizon window (axis 8) was APPLIED and removed 60 event(s) that every other selector admitted. A member resolving outside the window this index publishes is not a member of this index's horizon, whatever else it is.
  • universe: 11548 event(s) missed the keyword screen on the `tape-text` source, which carries ${m.title ?? ''} ${m.marketRef} and NOT the venue subtitle, tag or series the nomination pool sees. That count is the UPPER BOUND on what the richer string could have added here; it is published rather than estimated, because the tape cannot supply the text that would settle it.
  • eligibility: 22 of 43 admitted event(s) left the roster on the spec's own declared eligibility (minVolume 250, maxSpread 0.1, price 0.02-0.98) — by reason: price-below-floor 22. An ineligible market is out of the universe; a member the close could not price stays in it and is counted against κ.
  • orientation: the declared `threshold` framing axis (§3.3) was re-read on this tape and took force on the `up` case by rule `member-majority`, framing 13 of 21 members and holding 4 of them NO. 9 of 13 framed members carry the `up` case on the declared threshold axis, so this composition measures up; a member the axis frames the other way moves against that and is held NO. The axis is re-read at every close rather than frozen into a declared side table, so a roster whose contracts resolve and are replaced is oriented by the rule this spec published rather than by one evening's reading of it (cultivation-orientation/v3).
  • no published document file was found for this spec, so the byte comparison had nothing to compare against and only the recompile legs ran. The whitepaper is compiled per request by /methodology/<slug>, which is a publication lag rather than a ledger fault — but the ABSENCE is published here, because an unsupplied optional parameter is invisible on the row and that invisibility is what let this leg go unrun.
Why there are two levels on this page

The governed close level above is divisor-chained: it tracks how the desk’s reading of this perspective has moved since 2026-08-14, and it survives a roster change because the divisor absorbs it. It is not a basket total return.

The basket total return below is a position book: it holds a fixed set of contracts from its own inception and reports what that book did, marks and settlements included. A roster change starts a new book rather than being absorbed.

They share a base of 1,000 and nothing else. Expect them to differ, and read the one that answers your question — the chained level for “where does this perspective stand”, the book for “what would holding it have done”.

spec 4dafb5681affcbb2 · methodology 872d23a920fe7137 · closed by standing/v1 · lifecycle experimental · class standing

64.36Stale · 1 close behindElevated & climbing, volatile

As of Sep 9, 2026 · last moved Sep 9, 2026 · scale 0–100 (Low supportHigh support)

21 economics markets carrying the "rates" axis across polymarket, kalshi, every one resolving inside two months, tracked as one composition.

Basket level · official print12 held · close 2026-09-10
1052.13+5.21%since inception · base 1000

hypothetical · mid marks · before fees, spread and slippage

Basket performance

hypothetical · mid marks · before fees, spread and slippage
Basket total return
1052.13
Since inception
+5.21%
Cost to cross
Holdings marked
50.0% of 12
1 day
−0.01%
7 day
−0.29%
Markets held
12
Settled
0
Rebalanced out
0
Hit rate
Cash
47.5%
Inception
2026-08-18
Weighting
Equal notional
Marks
Two-sided mid
Days tracked
20

Equal notional from each holding’s inception mark, re-marked at the two-sided mid. Percentages only, size-blind — never a cash figure and never a performance claim.

Cost to cross is the weighted half-spread at the touch on the newest mark tape: what entering at the quote rather than the midpoint would have cost. It is the price of the FIRST unit and says nothing about the tenth — the resting size beside each holding is published so a reader can judge whether their own size fits. It is not deducted from any return above.

A published measurement of what these markets did together. Not an account, not directly investable; W.E.T. never handles orders.

Holdings · 12 markets

held since 2026-08-18 · the reading above is computed over today's roster, which differs
MarketNowReturn
  • Will the Federal Reserve Hike rates by 0bps at their September 2026 meeting?kalshi · YES · entry 71c11 sessions stale54c−24.1%
  • Will there be no change in Fed interest rates after the September 2026 meeting?polymarket · YES · entry 72c1.0¢ spread · 211.1k/545.5k within 5¢46c−36.4%
  • Will the Fed increase interest rates by 25 bps after the September 2026 meeting?polymarket · YES · entry 28c11 sessions stale44c+52.6%
  • Will the Federal Reserve Hike rates by 25bps at their September 2026 meeting?kalshi · YES · entry 28c11 sessions stale45c+56.1%
  • No change in Bank of England’s interest rates after September 2026 meeting?polymarket · YES · entry 89c9 sessions stale96c+8.7%
  • No change in Bank of Mexico’s interest rates after September 2026 meeting?polymarket · YES · entry 94c3 sessions stale98c+3.8%
  • No change in Reserve Bank of Australia's interest rates at the September 2026 meeting?polymarket · YES · entry 92c16c−82.3%
  • Bank of England increases interest rates by 25 bps after September 2026 meeting?polymarket · YES · entry 8c9 sessions stale4c−56.0%
  • Bank of Mexico decreases interest rates by 25 bps after September 2026 meeting?polymarket · NO · entry 95c2.4¢ spread · 4.0k/1.3k within 5¢98c+4.1%
  • Will the People’s Bank of China not change rates by September 30?polymarket · YES · entry 87c95c+9.7%
  • Reserve Bank of Australia increases interest rates by 25 bps at the September 2026 meeting?polymarket · YES · entry 5c80c+1412.3%
  • Will the People’s Bank of China decrease rates by September 30?polymarket · NO · entry 88c95c+8.4%

Full basket ledger — settled outcomes, rebalance history, methodology →

Key statistics

Previous
Band
Elevated
18d Range
5273
Percentile
50th
10d Change
+11.6
Volatility
9.0 pts/d
Streak
Markets
21
Effective N
8.3
Top Weight
15%
Venues
3 K · 18 P
Method
v1

Indicative tape · 7 sessions

150 hourly readings since 2026-09-04 · not the governed close
50.055.060.065.009-04 00:0009-07 06:0009-10 12:00
Latest
65.42
Since 2026-09-04
+13.47
Range
50.968.0
Readings
68+82 refused

INDICATIVEHourly readings that reprice the roster and frozen weights of the last governed close — only prices moved. Each one was computed and recorded at the timestamp it carries; nothing here is reconstructed from venue history. They carry no sentinel screen, enter no ledger and join no checksum chain, and a refused hour breaks the line rather than being drawn through. The daily WET Close is the official value.

Daily close

18d published · interactive

18 published close(s) — 0–100 (Low support → High support). Drag to pan, scroll to zoom. One slot per published close, not one per day: dates on the axis are real, the spacing between them is not. 9 day(s) inside this window published no close and are not drawn at all. For the calendar-true spacing, read the chart below. Drawn as a line, not candles: a daily close carries no open, high or low, and a candle would assert an intraday range nobody observed.

History & 14-day projection

solid = 18d published · dashed = projected · no band published
020406080100now64
Projected 14d
63.60
Change
0.80
80% band
not published — the 14d dispersion is wider than the 0–100 scale
Confidence
low

Model extrapolation of the published series (robust trend, 18 readings, slope -0.10/day, projection σ 11.8 pts/d widened for a 18-reading sample) — a benchmark projection, not a W.E.T. forecast.

Desk read

W.E.T. analysis — Premium
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Premium

The desk's read on today's move

Why the index moved, in the desk's words — not just the arithmetic.

Checking access…

What moved today

attribution — Premium
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Premium

Which markets moved the index, and by how much

Signed contribution per constituent, ranked.

Checking access…

Contribution by category

weight share of today's value
economics100% · 21

Constituents by weight

all 21 · what today's reading was computed over (2026-09-09) · the basket below holds a different set
Show the remaining 1 holdings

Where these markets are covered

4 of 21 constituents have a W.E.T. page

The odds pages covering the individual contracts this index reads. They are the evidence underneath the reading, not readings themselves.

WRAT4 · at a glance

What it is
21 economics markets carrying the "rates" axis across polymarket, kalshi, every one resolving inside two months, tracked as one composition.
High vs low
Higher = the markets are more torn — prices across the composition sit closer to a coin flip. Lower = more decided, in EITHER direction: a basket priced at 5% and one priced at 95% both read low. A reading of market prices, not a W.E.T. forecast.
Who cares
Anyone tracking how rates is being priced across venues on a composition of at least 6 markets resolving inside 60 days.

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Quote this index

free to cite with attribution + the as-of date
“As of Sep 9, 2026, the W.E.T. Rates Economics Index 2mo (WRAT4) prints a WET Index Score of 64.4/100 (Elevated), per World Event Trading.”

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Maintained by Corbin V King. A benchmark reading of market prices — data, not advice. See the disclaimer.