What if USD/Treasuries safe-haven bid on trade shock?
An abrupt trade-war escalation drives a classic flight into US Treasuries and the dollar despite the US being at the center, flattening the curve as growth fears bite.
Every number ships with its receipt — the odds, the range, the precedents, and a public grade at Reality Check. The statistical machinery that produces it is proprietary.
The butterfly cascade
How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.
Resolution timeline — how this probability is moving
Our model's odds (electric blue) over time vs the market's (Polymarket, amber), from the past toward the 6–18 months horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. Loading the probability audit trail…
What it would mean
If this plays out, it is a risk-off shock. An abrupt trade-war escalation drives a classic flight into US Treasuries and the dollar despite the US being at the center, flattening the curve as growth fears bite. The trigger decomposes into signed root‑shocks — Yield-curve slope ▼ · Dollar/reserve confidence ▲ · Recession signal ▲ · Risk appetite ▼ — which propagate through our causal graph to the markets below.