---
title: "PMUSD Drifts, Yield Pages Stir"
canonical: "https://pharos.watch/digest/2026-06-10/"
datePublished: "2026-06-10T08:08:25.000Z"
description: "PMUSD narrows to 3248 bps, but the real noise is USDG at 5.13% APY with TVL leaving, JTRSY at 12.53% versus a 4.13% baseline, and PAXG collapsing from 12.92% to"
---

# PMUSD Drifts, Yield Pages Stir

## Executive Summary

PMUSD narrows to 3248 bps, but the real noise is USDG at 5.13% APY with TVL leaving, JTRSY at 12.53% versus a 4.13% baseline, and PAXG collapsing from 12.92% to 1.18% inside a week.

## Extended

PMUSD sits 3248 bps below peg at $0.675, the fourth straight session it has held inside this band; the depeg has narrowed 222 bps from yesterday and 2320 bps from its 5568 peak, yet a $63M float scraping that distance from a dollar earns no medals. The slow-bleed pattern is now 943 hours old and the F-grade scorecard hasn't moved a digit.

The real movement sits on the yield page. USDG printed 5.13% APY against a 4.65% 30-day average, paired with tvl-outflow, an awkward combination for a $2.55B float. JTRSY ripped to 12.53% versus a 4.13% baseline; PAXG collapsed from a 12.92% weekly to 1.18%. Three yield prints, three different stories, none of them flattering to data hygiene.

USDT bled $1.15B over seven days to $186.76B, the largest weekly mover and 2% off its April ATH. PSI slipped to 90.9 from 92.1, lowest in three days, while the Bank Run Gauge swung 58 points to -20.1 CAUTIOUS in a single session. If PSI breaks 88 at tomorrow's snapshot, the regime frame stops being a frame and becomes the story. Until then, watch whether JTRSY's 12.53% holds or unwinds by Thursday.