June 11, 2026Risk-OffHigh Conviction

Daily Macro Risk Pulse

Crypto shows divergent strength amid broad risk-off as 10Y yields spike 31bps to 4.54%, signaling bond vigilantes are awakening despite VIX compression.

BTC$62,763+2.4%

ETH$1,654+1.9%

SOL$65.35+3.0%

Fear & Greed12Extreme Fear

VIX20.71-6.8%

DXY100.16+0.2%

US 10Y4.540%+0.3%

Gold$4,108-0.0%

Oil (WTI)$89.45-0.6%

S&P 5007,267-1.6%

RegimeRisk-Off

ConvictionHigh

Analysis

Bond Vigilantes Stirring as 10Y Breaks 4.50%

US10Y yields surged 31bps to 4.54% while 2Y held flat at 3.63%, steepening the curve dramatically. This divergence signals either inflation concerns or fiscal sustainability fears are trumping Fed policy expectations. The move threatens all risk assets despite today's crypto resilience, as higher real rates compress multiples across growth sectors.

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