Stock-market and bond-market stress across the world, ranked. Thirteen equity and bond markets each score 0–100 on stress already visible in the tape — depth below the 52-week high, where realised volatility sits in its one-year range, and distance below the 200-day average. The Global Stress Index blends that market matrix with credit spreads, the VIX, Treasury rate volatility and cross-market contagion. The most stressed markets flash red. A thermometer, not a forecast.