The market premium for the US 10-year Treasury yield ticked up in February to the highest spread since 2008. The estimate is based on the average “fair value” calculation via three models run by CapitalSpectator.com.
Daily Archives: March 13, 2025
Macro Briefing: 13 March 2025
US consumer inflation eased more than expected in February. The Consumer Price Index ticked lower, rising 2.8% last month vs. the year-ago level. The core CPI, which excludes food and energy for a clearer measure of the trend, edged down to 3.1%. Although the softer pace is welcome news after months of signs of “sticky” inflation, the February data “does not incorporate what is to come and what already has happened for tariffs,” said Kevin Gordon, senor investment strategist at Charles Schwab. “The vagaries and uncertainties associated with policy are still a much stronger force in the market than anything CPI-related or in terms of one data point.”
