The US 10-year Treasury yield has been on a tear over the past two months, its rise fueled by persistent high inflation and ongoing increases in short-term interest rates by the Federal Reserve. But CapitalSpectator.com’s fair-value model suggests the 10-year rate’s upside bias is now limited, although strong momentum forces could easily push the benchmark yield higher still in the immediate future.
Daily Archives: October 18, 2022
Macro Briefing: 18 October 2022
* Russia continues to attack Ukraine with drones, targeting energy facilities
* Europe generates record level of wind, solar power as Russian gas supply falls
* China economic outlook downgraded via Xi Jinping’s political agenda
* Strong US dollar is spreading economic pain around the world
* Solid earnings growth for Bank of America imply strong US consumer sector
* Microsoft announces job cuts, citing softer growth in revenue and sales
* Oil market eyes another possible release from Strategic Petroleum Reserve
* NY Fed Mfg Index contracts for third straight month in October:
