Daily Archives: Jan 30, 2018 at 06:58 am EDT

Will Economic Data Support The Recent Rise In The 10-Year Yield?

The benchmark 10-year rate yesterday (Jan. 30) jumped to 2.70% for the first time since 2014, based on daily data via Treasury.gov. One of the catalysts is firmer expectations for higher inflation. A weaker dollar is a factor too. Whatever the reason, the technical profile for the 10-year rate has recently shifted to an upside posture, signaling that the trend will continue.
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Macro Briefing: 30 January 2018

Washington think-tank projects US budget deficit above $1 trillion in 2019: Reuters
CIA director says Russia may meddle in this fall’s US mid-term elections: BBC
Eurozone GDP increased by a solid 0.6% in 2017’s fourth quarter: Bloomberg
What’s on the agenda for Trump’s state of the union speech tonight? USA Today
US consumer spending up 0.4% in Dec as savings rate drops to 12yr low: Reuters
Japan retail spending rises 0.9% in Dec, beating expectatins: RTT
Dallas Fed mfg production index eases in Jan after reaching 11yr high: Dallas Fed
Obamacare reduced financial distress for young adults: Philly Fed
Rising Treasury yields pose a risk for stocks: Bloomberg
10-year Treasury yield reaches 2.7% for first time since 2014: MarketWatch