The US 10-year Treasury yield continues to defy The Capital Spectator’s ‘fair-value’ estimate by trading at a premium to this model, but the relatively wide gap still appears to be a constraint to the upside for this key market rate.
Daily Archives: June 18, 2024
Macro Briefing: 18 June 2024
* US stocks (S&P 500) close at another record high on Monday (June 17)
* AI optimism persuades 3 Wall Street banks to lift stock market forecasts
* Central banks expected to boost gold holdings due to US dollar pessimism
* China’s housing slump deepened in May, prompting calls for more gov’t action
* California-based electric-vehicle maker Fisker files for bankruptcy
* NY Fed Mfg Index indicates contraction in June–seventh straight decline:
