US Rate Structure

3-Month
3.70%
▲ +0.02
Stable
2-Year HINGE
3.73%
▼ -0.10
Easing
US-DE: Narrowing ↓
10-Year
4.31%
▼ -0.06
Stable

Dollar Directional Bias

BEARISH
98.23 Weakening ▲ +0.03
Conviction ●●○○
Front-end yields easing, term structure steepening, dollar index weakening, risk environment clear. Directional bias skews against the dollar.

Pair Bias

G10 · EM
RATE-DRIVEN G7
EUR/USD
BEARISH
●●○○rates
GBP/USD
SIDEWAYS
●○○○rates
USD/CAD
SIDEWAYS
●○○○energy
USD/SEK
BEARISH
●●●○rates
SAFE-HAVEN
USD/JPY
BEARISH
●●●○rates
🛡
USD/CHF
BEARISH
●●○○risk
🛡
COMMODITY / RISK
AUD/USD
BULLISH
●●○○carry
NZD/USD
BEARISH
●●○○carry
CARRY / EM
USD/ZAR
BEARISH
●●●○carry
USD/MXN
BULLISH
●●○○carry
USD/BRL
BEARISH
●●○○carry
USD/TRY
BEARISH
●●○○carry