The US 10-year yield was steady in April in terms of the market premium relative to a “fair value” estimate. The 10-year yield’s monthly average last month remained mostly unchanged at roughly 40 basis points-plus over the average fair value via three models run by CapitalSpectator.com.
Daily Archives: May 14, 2025
Macro Briefing: 14 May 2025
US consumer inflation dipped to an annual 2.3% in April, the lowest in four years. “Good news on inflation, and we need it given inflation shocks from tariffs are on their way,” said Robert Frick, corporate economist at Navy Federal Credit Union. “Non-tariffed goods are still in the pipeline, and perhaps some importers have absorbed their tariff costs for now.”
