diff --git a/src/model/secret-redaction.test.ts b/src/model/secret-redaction.test.ts
index 5eb78cf..fc79ce3 100644
--- a/src/model/secret-redaction.test.ts
+++ b/src/model/secret-redaction.test.ts
@@ -1,5 +1,5 @@
 import { describe, it, expect, afterEach } from 'bun:test';
-import { SecretRedaction } from './secret-redaction.ts';
+import { SecretRedaction, createStreamRedactor } from './secret-redaction.ts';
 
 afterEach(() => {
   // Module-level registry shared across the whole test process.
@@ -76,3 +76,39 @@ describe('SecretRedaction', () => {
     expect(SecretRedaction.redact('cd /home/runner/work/project')).toBe('cd /home/runner/work/project');
   });
 });
+
+describe('createStreamRedactor', () => {
+  const collect = (chunks: string[]) => {
+    const redactor = createStreamRedactor();
+    return chunks.map((chunk) => redactor.push(chunk)).join('') + redactor.flush();
+  };
+
+  it('passes text through untouched when nothing is registered', () => {
+    expect(collect(['hello ', 'world'])).toBe('hello world');
+  });
+
+  it('redacts a secret split across two chunks', () => {
+    SecretRedaction.register('hunter2secret');
+
+    expect(collect(['password=hunt', 'er2secret done'])).toBe('password=*** done');
+  });
+
+  it('redacts a secret split one character at a time', () => {
+    SecretRedaction.register('hunter2secret');
+
+    expect(collect([...'a hunter2secret b'])).toBe('a *** b');
+  });
+
+  it('never emits a secret prefix before the rest arrives', () => {
+    SecretRedaction.register('hunter2secret');
+    const redactor = createStreamRedactor();
+
+    expect(redactor.push('x hunter2')).not.toContain('hunter2');
+  });
+
+  it('flushes held-back text that turned out not to be a secret', () => {
+    SecretRedaction.register('hunter2secret');
+
+    expect(collect(['ends with hunter2'])).toBe('ends with hunter2');
+  });
+});
diff --git a/src/model/secret-redaction.ts b/src/model/secret-redaction.ts
index 3330c4c..c01bf8f 100644
--- a/src/model/secret-redaction.ts
+++ b/src/model/secret-redaction.ts
@@ -107,4 +107,45 @@ const SecretRedaction = {
   },
 };
 
-export { SecretRedaction, secretOptionKeys };
+/**
+ * Redacts text that arrives in pieces (live subprocess output), where a secret
+ * can be split across two chunks. A tail long enough to hold the start of any
+ * registered secret (twice its length: escaped characters gain a backslash) is
+ * withheld until more text arrives or flush() is called.
+ */
+function createStreamRedactor() {
+  let pending = '';
+
+  const emit = (final: boolean): string => {
+    if (secrets.size === 0) {
+      const text = pending;
+      pending = '';
+      return text;
+    }
+
+    let cut = final ? pending.length : pending.length - (Math.max(...[...secrets].map((s) => s.length)) * 2 - 1);
+    // A complete secret straddling the cut must not be half-emitted.
+    for (const secret of secrets) {
+      for (const match of pending.matchAll(secretPattern(secret))) {
+        if (match.index < cut && cut < match.index + match[0].length) cut = match.index;
+      }
+    }
+    if (cut <= 0) return '';
+
+    const out = SecretRedaction.redact(pending.slice(0, cut));
+    pending = pending.slice(cut);
+    return out;
+  };
+
+  return {
+    push(text: string): string {
+      pending += text;
+      return emit(false);
+    },
+    flush(): string {
+      return emit(true);
+    },
+  };
+}
+
+export { SecretRedaction, createStreamRedactor, secretOptionKeys };
diff --git a/src/model/system/system.test.ts b/src/model/system/system.test.ts
index e88b606..d9003b6 100644
--- a/src/model/system/system.test.ts
+++ b/src/model/system/system.test.ts
@@ -5,6 +5,7 @@
 
 import { describe, test, expect } from 'bun:test';
 import { System } from './system.ts';
+import { SecretRedaction } from '../secret-redaction.ts';
 
 describe.skip('System (unit)', () => {
   test('placeholder', () => {
@@ -86,3 +87,23 @@ describe('System.run exit-code-based failure', () => {
     }
   });
 });
+
+describe('System.run live output redaction', () => {
+  test('redacts a registered secret that is split across stdout chunks, but keeps runResult.output intact', async () => {
+    SecretRedaction.register('hunter2secret');
+    const written: string[] = [];
+    const original = process.stdout.write;
+    process.stdout.write = ((chunk: any) => (written.push(chunk.toString()), true)) as any;
+    try {
+      const command = `node -e "process.stdout.write('pw=hunt'); setTimeout(() => process.stdout.write('er2secret end'), 100)"`;
+      const result = await System.run(command);
+
+      expect(result.output).toContain('hunter2secret');
+      expect(written.join('')).toContain('pw=*** end');
+      expect(written.join('')).not.toContain('hunter2');
+    } finally {
+      process.stdout.write = original;
+      SecretRedaction.reset();
+    }
+  });
+});
diff --git a/src/model/system/system.ts b/src/model/system/system.ts
index f5df14f..38901f4 100644
--- a/src/model/system/system.ts
+++ b/src/model/system/system.ts
@@ -1,5 +1,6 @@
 import { spawn } from 'node:child_process';
-import { SecretRedaction } from '../secret-redaction.ts';
+import { StringDecoder } from 'node:string_decoder';
+import { SecretRedaction, createStreamRedactor } from '../secret-redaction.ts';
 
 export interface RunOptions {
   cwd?: string;
@@ -62,12 +63,31 @@ class System {
 
       const runResult: RunResult = { output: '', error: '' };
 
+      // Only the write-out path is redacted; runResult keeps the true text so
+      // callers can still match on it.
+      const liveWriter = (stream: NodeJS.WriteStream) => {
+        const decoder = new StringDecoder('utf8');
+        const redactor = createStreamRedactor();
+        return {
+          write(chunk: Buffer) {
+            const out = redactor.push(decoder.write(chunk));
+            if (out) stream.write(out);
+          },
+          end() {
+            const out = redactor.push(decoder.end()) + redactor.flush();
+            if (out) stream.write(out);
+          },
+        };
+      };
+      const liveOut = liveWriter(process.stdout);
+      const liveErr = liveWriter(process.stderr);
+
       proc.stdout!.on('data', (chunk: Buffer) => {
         const text = chunk.toString();
         runResult.output += text;
 
         if (!options.silent) {
-          process.stdout.write(chunk);
+          liveOut.write(chunk);
         }
       });
 
@@ -76,11 +96,15 @@ class System {
         runResult.error += text;
 
         if (!options.silent) {
-          process.stderr.write(chunk);
+          liveErr.write(chunk);
         }
       });
 
       proc.on('close', (code: number | null) => {
+        if (!options.silent) {
+          liveOut.end();
+          liveErr.end();
+        }
         const exitCode = code ?? 1;
         runResult.status = { success: exitCode === 0, code: exitCode };