Fiscal Balance workspace

Fiscal balance, % of GDP — deficit or surplus for the same economies as the Sovereign Debt board, row for row, IMF WEO; the flow that builds the debt stock

Use it when: Alongside the auction tape when supply is the story, or when a government's spending plans are being repriced.

Annual data. Read it as the reason a curve is steepening, never as a signal that it will.

• Presets in the menu bar, under the category this desk belongs to — one click applies the whole layout, and a checkmark tracks which one is active.
• Or the command palette on Ctrl+P, which finds it by name.
• Every panel can be re-pointed at another symbol from its own header, and anything the desk does not open is in the Add Panel menu.

• 1. The same economies as the debt board, row for row - that is deliberate, so flow and stock read against each other.
• 2. Anything running a deficit while its debt stock is already high: that combination is what forces an issuance surprise.
• 3. The surplus countries last. They are the counterexample that keeps the scale honest.

The tell: A deficit widening into a high debt stock is the setup that moves the long end. It is why the auction tables live on the rates desk rather than here.

This desk is built from dense sheet panels rather than individual tiles — see below.

Plus 1 dense sheet — wide tables that carry a whole complex in one upstream call rather than a wall of single-series tiles:

• Fiscal Balance / GDP

• All workspace presets — how docking, link groups and saved layouts work.
• Panel reference — what each panel shows, column by column.