When opening a workbook with an external data connection, I get a yellow warning bar:
Security Warning | Data connections have been disabled | <Click Here to> Enable Content
I've found some back-door solutions, but searching for the needle in the haystack (formulas, pivot tables, etc.) can be exhausting, and at times, I still can't find the connection.
Excel 2010, .xlsx format. The document that spurred this questions is not trusted in the Trust Center.
Is there a systemic reason Excel can't show me what these connections are? Or is it simply at Microsoft's discretion that this is not a feature?

Trust Center?