{
  "signal": "volatility-regime",
  "as_of": "2026-06-14",
  "tenors": {
    "VIX9D": {
      "date": "2026-06-11",
      "value": 20.66
    },
    "VIX": {
      "date": "2026-06-12",
      "value": 17.68
    },
    "VIX3M": {
      "date": "2026-06-11",
      "value": 21.42
    }
  },
  "regime": "normal",
  "slope_9d_minus_30d": 2.98,
  "shape": "backwardation (short-term stress)"
}