Last month I reported that the ‘fair value’ of the US 10-year Treasury yield appeared “lofty” relative to the average estimate for a combination model. In the weeks since, the benchmark rate has fallen. That’s probably noise, but a month later the model continues to advise that the 10-year rate is lofty.
Daily Archives: November 22, 2022
Macro Briefing: 22 November 2022
* Another 75-basis-points rate hike is possible, says San Francisco Fed president
* Iran starts producing uranium enriched to 60 percent
* OPEC oil producers are discussing an output increase
* Goldman Sachs lowers oil-price forecast
* China signs 27-year liquefied natural gas deal with QatarEnergy
* US rail strike is possible after unions disagree on contract vote
* Investor-related home buying falls 30% amid rising interest rates
* Digital-asset brokerage Genesis may file for bankruptcy
* Bitcoin falls to two-year low
* US economic activity slowed in October via Chicago Fed Nat’l Activity Index:
