The US Treasury 10-year yield continues to look elevated relative to CapitalSpectator.com’s “fair-value” estimate, which is based on the average of three models. That’s no assurance that the market will trim the benchmark yield, but current conditions still suggest that the odds appear skewed to a neutral/downside outlook for this rate.
Daily Archives: December 15, 2022
Macro Briefing: 15 December 2022
* Biden announces efforts to promote trade between US and Africa
* Markets appear more optimistic on inflation outlook vs. Fed’s expectations
* Fed Chairman Powell on rate hikes: “We still have some ways to go”
* China Covid spike predates ending zero-tolerance policy, says WHO director
* China retail sales fall sharply, more than expected in November
* Atlanta Fed business inflation expectations fall ‘significantly’ to 3.1%”
* US import prices slide for fifth straight month in November
* Federal Reserve slows rate hikes, lifting target rate by 1/2 point:
