Macro pressure map for yields, volatility and global liquidity regime.
The curve is healing and volatility remains contained enough for a less restrictive backdrop.
10s2s has re-steepened, easing some of the pressure from the front end.
Real yields remain elevated, a headwind for duration and risk assets.
Volatility is contained, so the rates read is not being challenged by stress.
Cross-asset confirmation is incomplete; keep DXY, gold and oil aligned with the rates read.
10s2s has re-steepened, easing some of the pressure from the front end.
This series updates on a slower monthly source cadence.
This series updates on a slower monthly source cadence.
Real yields remain elevated, a headwind for duration and risk assets.
Volatility is contained, so the rates read is not being challenged by stress.
Cross-asset confirmation is incomplete; keep DXY, gold and oil aligned with the rates read.
Source health: FRED: DGS2 ok · DGS10 ok · DFII10 ok · T10YIE ok · VIXCLS ok · Yahoo cross-asset: DXY ok · XAUUSD ok · WTI ok · BRENT ok · Bundesbank: missing