# Block 073 — Rates ↔ FX (CIP basis in practice)

**Status:** ○ queued
**Phase:** Phase 3 (Cross-asset)

## Topic scope

Cross-currency basis in practice. USD funding stress signals. Carry trade funding legs. Basis as macro signal.

## Plan

_(Filled at session close of prior block, per 2026-06-23 convention.)_

## Carry-forward to next block

_(Filled at session close.)_