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Cheap Capital Is Gone. Now the Market Decides Who Deserves to Be Expensive.

ZTRADER WEEKLY MACRO WEEK OF JUNE 22–28, 2026 CHEAP CAPITAL IS GONE. Now the market decides who deserves to be expensive. US 10Y at 4.38%. Brent down 10% as Hormuz reopens. Gold at

Updated Jun 30, 20261 min readMacro WeeklyMacroFinance

ZTRADER WEEKLY MACRO WEEK OF JUNE 22–28, 2026 CHEAP CAPITAL IS GONE. Now the market decides who deserves to be expensive. US 10Y at 4.38%. Brent down 10% as Hormuz reopens. Gold at

ZTRADER WEEKLY MACRO WEEK OF JUNE 22–28, 2026 CHEAP CAPITAL IS GONE. Now the market decides who deserves to be expensive. US 10Y at 4.38%. Brent down 10% as Hormuz reopens. Gold at $4,040 — fourth straight weekly loss. SOX −5.3% Friday. Bitcoin near $60,000. US 10Y 4.38% · USDJPY 161.7 · AUDJPY 111.5 BRENT $72 · COPPER $13,358/t · GOLD $4,040 BTC $60K · VIX 18.4 · SOX −5.3% ZTRADER.AI Ravenrock Fintech LLC · Tokyo · Not financial advice ZTrader Weekly Macro · Issue CROSS-ASSET DASHBOARD WEEK OF JUNE 22–28, 2026 · VERIFIED DATA ASSET LEVEL / SIGNAL WEEK REGIME US 10-Year Yield 4.38% −7bps Higher-for-longer USDJPY 161.7 Near 40yr low Dollar scarcity AUDJPY 111.5 −1.6% wk Risk appetite cooling Brent Crude ~$72/bbl −10%+ wk War premium collapsed Copper LME 3M $13,358/t +21% YoY Structural tightness Gold XAU/USD ~$4,040 4th wk decline Real yield pressure Bitcoin ~$60,000 Tracks Nasdaq Liquidi


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