The Mechanism · Gated-generation receipt

gen-explain-bond-pricing-and-yield-as-you-would-to-a-capable-stu-3c49

stable pending witness
2026-05-29 06:45:03 UTC · anthropic/claude-sonnet-4-5

Prompt

Explain bond pricing and yield as you would to a capable student, in 3-4 sentences.
83 chars

Generation

A bond's price and yield have an inverse relationship: when one goes up, the other goes down. The yield is essentially the return you'll earn if you hold the bond to maturity, and it's determined by comparing the bond's fixed coupon payments to its current market price. If a bond's price falls below its face value (selling at a discount), the yield rises because you're paying less upfront for the same future cash flows. Conversely, if the price rises above face value (selling at a premium), the yield falls since you're paying more for those same payments.
29 tokens in · 124 tokens out · 4151 ms · $0.0019

The four gates

RED
pass
no disqualifying input patterns detected
FLOOR
pass
output above protective minimum; no mismatches
WAY
pass
no declared way_path (Way check NA); no coercion language
EXECUTION
deferred
no witnesses available (Witness Roll not yet constituted)

Verifier results

scripture_anchors NOT_APPLICABLE
0 Scripture citation(s) extracted
theology_doctrine NOT_APPLICABLE
no doctrine keyword patterns detected

Metrics

Total latency
4158.8 ms
Base LLM
4151.2 ms
Verifiers
0.2 ms
Gates
0.0 ms
Cost
$0.0019

Trail

06:45:03 received prompt_chars=83 verifiers=['scripture_anchors', 'theology_doctrine']
06:45:03 red_gate decision=pass reason=no disqualifying input patterns detected
06:45:07 base_llm_call model=anthropic/claude-sonnet-4-5 tokens_in=29 tokens_out=124 latency_ms=4151.2 cost_usd=0.0019
06:45:07 verifier:scripture_anchors verdict=NOT_APPLICABLE summary=0 Scripture citation(s) extracted
06:45:07 verifier:theology_doctrine verdict=NOT_APPLICABLE summary=no doctrine keyword patterns detected
06:45:07 floor_gate decision=pass reason=output above protective minimum; no mismatches
06:45:07 way_gate decision=pass reason=no declared way_path (Way check NA); no coercion language
06:45:07 execution_gate decision=deferred reason=no witnesses available (Witness Roll not yet constituted)
06:45:07 signed hash_algo=sha256 hash=sha256:83876a3d2e6135c21de88c1667725be01d7b6acd7bd73b0fb35df295f72b14a9

Content hash

sha256:83876a3d2e6135c21de88c1667725be01d7b6acd7bd73b0fb35df295f72b14a9

SHA256 over the canonical JSON (excluding this field). Tamper detection. Ed25519 signing planned for v2 once the operator’s signing key is provisioned on disk.

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