The 10-year Treasury yield looks elevated relative to CapitalSpectator.com’s fair-value modeling. But after yesterday’s news that US consumer inflation fell more than expected in June, the relatively wide spread will likely narrow in the months ahead.
Daily Archives: July 13, 2023
Macro Briefing: 13 July 2023
* Will new US investment restrictions on China derail latest diplomatic outreach?
* China exports fell the most in three years in June
* IEA cuts global oil demand forecast for 2023
* US economic activity increased slightly since late May: Fed Beige Book
* Business inflation expectations unchanged at 2.8% in July: Atlanta Fed survey
* Elon Must announces new company focused on artificial intelligence
* US junk bond market shrinks sharply after rate hikes
* “Inflation story is history,” predicts Johns Hopkins University Steve Hanke
* US consumer inflation slows to softest pace in more than two years:
