Yesterday I outlined the case that several ‘fair-value’ models suggest the current US 10-year Treasury yield appears high relative to the fundamentals. As a quick follow-up, what does a simple empirical review of historical suggest vis-à-vis the 10-year rate and the latest offending inflation data point that triggered a sharp rise in the benchmark yield on Tuesday?
Daily Archives: February 15, 2024
Macro Briefing: 15 February 2024
* US stock market rally still long way from irrational exuberance: SocGen analysts
* Immigration wave delivers economic windfall for US–at a price
* Nvidia passes Alphabet in market cap to become 3rd most valuable US firm
* Japan economy unexpectedly fell in fourth quarter
* UK economy contracted in fourth quarter
* Bitcoin market cap regains $1 trillion market cap after latest rally
* US mortgage rates are rising again, taking a toll on housing demand
* US 10-year Treasury yield dips for first time in over a week:
