I could see that, maybe a better analysis would be to denominate both in a global currency equivalent and control for the conversion between that and USD. However it is still interesting that OSRS bonds potentially have a leading relationship.

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The exchange rate matters since bonds are the medium of exchanging currency for rsgp, you could characterize this as the weakening of USD.

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This shows that multi-day OSRS bond drift denominated in GP from 4 days ago are correlated with multi-day SPX drift denominated in USD today with a coefficient of ~0.08 (single day returns ACF breaks down to mostly indistinct peaks though, so noise is likely not covariant). Returns are dimensionless quantities so denomination doesn't matter unless exchange rates cannot be ignored, but it could be interesting to see how daily exchange rates incorporate into this.

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This says that that returns of SPX wrt USD is correlated to the returns of OSRS bonds wrt gp?

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is this in mexican peso so thats like 200 usd bucks?

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Guess it was prices in, boj sounded hawkish + the hike i guessed usd / yen has to weaken (it rose 1.2% 😂) Would have been liquidation preassure if it were more severe and the other way around as it should be.

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