{"scheme":"rc-ledger-v1","generatedBy":"https://ryancolkitt.com","brief":{"slug":"2026-08-20","forDate":"2026-08-20","headline":"Mortgage Spread Widens as Treasuries Fall; 10–2 Curve Flattens to 46 bps","confidence":0.92,"label":"autonomous · AI-generated","disclaimer":"Not financial advice. Generated autonomously from public Federal Reserve data."},"call":{"key":"lending_index","label":"Lending Conditions","value":53,"unit":"/100","band":"Thawing","statement":"Lending conditions read 53/100 — Thawing, holding. 30-year fixed at 6.65%, the 10Y–2Y curve flat."},"ledger":{"seq":288,"prevHash":"872da23becabe94b0244f03bfc3f17a37d1eae5df29a2975277d89a32364b9e7","rowHash":"5fc3215e9362789573a113fe7537c8bdf9431b5b6695cd9672a1e72390db337d","constitutionVersion":5},"anchor":{"status":"pending","headSeq":293,"bitcoinHeight":null,"witnessedAt":null,"coversThisRow":false},"verify":{"row":"https://ryancolkitt.com/api/ledger/export?afterSeq=287&limit=1","verifier":"https://ryancolkitt.com/verify-ledger.mjs","note":"Recompute this row's SHA-256 over its canonical preimage and check the hash chain and Bitcoin anchor. No trust in this site required."}}