The 10-year Treasury rate continues to trade well above CapitalSpectator.com’s fair-value estimate, but the days of a large premium look numbered. As evidence mounts that inflation continues to ease, money supply remains sharply negative on a rolling one-year basis and the economy faces stronger headwinds, the odds are rising that the yawning gap between the current 10-year yield and our fair-value estimate will narrow.
Daily Archives: April 14, 2023
Macro Briefing: 14 April 2023
* S&P 500 earnings for Q1 fell nearly 7%, according to estimates by FactSet
* Banks are now losing money on mortgages after sharp rise in interest rates
* China oil imports surge to highest level in nearly 3 years
* Senate Leader Schumer seeks regulations on artificial intelligence technology
* US jobless claims rose for first time in three weeks
* US wholesale prices fell in March, another sign of easing inflationary pressure:
