A random walk through the world of economics, investing and personal finance.
Bespoke Investment Group noted that on May 18th the yield on the 3-month treasury closed above the yield on the 10 year treasury (2.799% vs. 2.800%) for the first time in 217 trading days. The yield curve has since inverted again but it is likely that investors will be hearing more about the yield curve in days and months ahead.
Macro Numbers
Real GDP +0.6% in 2008Q1, Comp. Ann. Rate of Chg.
12-Month PCE +3.4% in February 2008, % Chg. Year Ago
12-Month PCE excluding food & energy +2.0% in February 2008, % Chg. Year Ago
Civ. Unemploy. Rate 5.1% in March 2008
IP -0.5% in February 2008, % Chg.
Bonds and Rates
Fed. Funds Rate 2% on
Fed. Funds Rate (effective) 2.21% on
10-Yr. Treas. Rate 3.738% on
ML High Yield Index 10.069% on
10-Yr. TIPS Rate 1.460% on
National 30-Yr Fixed Mortgage Rate 5.8% on
National 30-Yr Fixed Jumbo Mortgage Rate 7.17% on
Foreign Exchange
US/Euro FX Rate 1.5626 on
Japan/US FX Rate 103.76 on
Commodity Prices
Crude Oil 114.63 on
Natural Gas, Oct 10.868 on
Gold 876.4 on
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