BuildersLens Daily Signal Report — April 02, 2026

Today’s Split

Markets rose +46.80 to 6,575.32 on April 02, 2026. Credit spreads tightened -3 bps to 90 bps (investment grade) and tightened -18 bps to 328 bps (high yield). The VIX fell -5.36 to 25.25, in the elevated range of its 1-year range. Oil rose +$8.21 to $108.33 per barrel.

Street Story

Here is what moved in the 65-signal framework today and what it means for the Phase 1 environment.

S&P 500 rose +46.80 to 6,575.32.
Investment-grade credit spreads tightened -3 bps to 90 bps.
High-yield credit spreads tightened -18 bps to 328 bps.
The VIX fell -5.36 to 25.25.
Oil (WTI) rose +$8.21 to $108.33.
Gold fell -$132.40 to $4,650.80.
Silver fell -$4.98 to $70.89.
Copper fell -$0.08 to $5.54.
The Dollar Index (DXY) rose +0.58 to 100.23.
The 10-year Treasury yield fell -0.050% to 4.30%.
The 2-year yield fell -0.030% to 3.79%.
The yield curve (10Y-2Y) rose +0.010% to 0.52%.
The 30-year mortgage rate rose +0.160% to 6.38%.
Bitcoin fell -$1628.18 to $66,450.38.
The MOVE Index fell -5.86 to 90.19.

Meanwhile, several key indicators remained steady, providing stability context for the current regime.

The federal funds rate held steady at 3.64%.

The Data

10-year Treasury yield fell -0.050% to 4.30%.
2-year yield fell -0.030% to 3.79%.
Yield curve (10Y-2Y) rose +0.010% to 0.52%.
Federal funds rate held steady at 3.64%.
30-year mortgage rate rose +0.160% to 6.38%.

Gold fell -$132.40 to $4,650.80.
Silver fell -$4.98 to $70.89.
Oil (WTI) rose +$8.21 to $108.33.
Copper fell -$0.08 to $5.54.
Dollar Index (DXY) rose +0.58 to 100.23.

What This Means

Phase 1 — Expansion. Credit spreads are contained, volatility is low, and equity markets are advancing. The economic expansion remains intact with no material stress signals.

Current assessment: Phase 1 — Expansion.

Investment-grade spreads at 90 bps, below the 150 bps Phase 2 trigger.
High-yield spreads at 328 bps, above the 300 bps warning level.
VIX at 25.25, above the 20 elevated threshold.
Yield curve at 52 bps, positively sloped.

Tomorrow’s Trigger

Watch for the next major data release and any movement in IG credit spreads toward the 150 bps Phase 2 trigger threshold, currently at 90 bps.

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Disclaimer: This content is for informational purposes only and does not constitute financial advice. BuildersLens 65-Signal Framework is an analytical tool, not a trading system. Past signal patterns do not guarantee future results. Data as of April 02, 2026. Access the full 65-Signal Analyzer →