构建首个覆盖推理全过程的安全评估基准，揭示模型对中间推理步骤的防护短板。

Large Reasoning Models (LRMs) generate intermediate reasoning traces that may contain unsafe content, even when their final responses appear safe. Guardrail models are designed to detect and block unsafe content, yet existing benchmarks for unsafe content detection focus primarily on prompts and final responses, leaving reasoning traces largely unexamined. Moreover, these benchmarks typically provide only binary safety labels, without evidence annotations that justify the judgments. To address these limitations, we introduce TRACE, an evidence-grounded safety evaluation benchmark that covers the entire LRM inference pipeline: prompts, reasoning traces, and final responses. TRACE includes prompts in two languages spanning nine risk categories and ten attack strategies. For each prompt, four LRMs generate reasoning traces and final responses, and we annotate the safety of each component and extract supporting evidence from the corresponding source text. Evaluating 18 guardrail models on TRACE reveals that safety judgment for reasoning traces is substantially more challenging than for prompts or final responses, and that current models struggle to accurately extract supporting evidence. These findings highlight the need for guardrail models that can reliably detect and precisely localize unsafe content across the LRM inference pipeline.