Fig. 2
From: Dynamic spillovers between the term structure of interest rates, bitcoin, and safe-haven currencies
Total Dynamic Connectedness Measures of the System. a Exchange rates and components of the yield curve. b Volatility of exchange rates and components of the yield curve. Notes: The figures present the total directional connectedness of the US yield curve components (level, slope, and curvature), the Bitcoin, and safe haven currencies (Euro, JPY, CAD, CHF, GBP) in a dynamic fashion. The upper figure is illustrates the dynamic connectedness of the yield curve components and the exchange rate of Bitcoin and the safe haven currencies, while the bottom depicts the connectedness of the yield curve components and the volatility of Bitcoin and the safe haven currencies