Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
Why the 10-Year Treasury Yield Is Stuck Above 4.5 Percent
The 10-year Treasury yield has climbed back above 4.5 percent, with the long bond pushing past 5 percent — levels that were unthinkable just a few years ago. Lucas and Luna break down what's driving the move: sticky core inflation, a Fed that's done cutting for now, and a surprising divergence between the US and European bond markets. They also discuss what this means for mortgage rates, corporate borrowing costs, and the stock market's resilience. Plus, the hosts explain why the yield curve flattening is sending a different signal than it did in 2023. If you've been…
The skinny
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