June 02, 2026Risk-OffHigh Conviction

Daily Macro Risk Pulse

Bond market is screaming recession with 10Y-2Y inversion deepening to -85bps as crypto fear index hits 23 amid broad asset derisking.

BTC$69,491-4.3%

ETH$1,975-0.3%

SOL$79.23-1.9%

Fear & Greed23Extreme Fear

VIX16.14+0.6%

DXY99.14-0.1%

US 10Y4.470%+0.5%

Gold$4,559+1.9%

Oil (WTI)$91.33-0.9%

S&P 5007,600+0.3%

RegimeRisk-Off

ConvictionHigh

Analysis

Yield Curve Inversion Accelerates to Crisis Levels

The 10Y-2Y spread widened dramatically to -85bps (4.47% vs 3.62%) as 2Y yields spiked 89bps overnight, signaling acute near-term stress. This is the steepest inversion since early 2023, historically a reliable recession predictor. Fixed income markets are pricing aggressive Fed easing ahead, creating headwinds for risk assets.

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