April 14, 2026Risk-OnMedium Conviction

Daily Macro Risk Pulse

Risk assets rally on yield curve steepening as 2s/10s spread widens to 70bp, suggesting markets are pricing in a Fed easing cycle despite persistent inflation.

BTC$74,595+5.4%

ETH$2,385+9.2%

SOL$86.27+5.5%

Fear & Greed21Extreme Fear

VIX18.34-4.1%

DXY98.09-0.3%

US 10Y4.300%-0.5%

Gold$4,810+1.4%

Oil (WTI)$96.34-2.8%

S&P 5006,886+1.0%

RegimeRisk-On

ConvictionMedium

Analysis

Yield Curve Steepens Dramatically on Rate Cut Expectations

The 2s/10s spread widened to 70bp with 10Y yields falling 46bp while 2Y yields rose 28bp. This violent steepening signals markets are pricing aggressive Fed cuts despite elevated inflation. The move is creating favorable conditions for risk assets, particularly duration-sensitive tech names and crypto.

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