Data Wire

Core CPI rose 0.33% in September, putting the year-over-year rate at 2.37%. On its face, that sounds like a win. The Fed’s target is 2%. We’re close.

Consumer prices rose 0.65% in September, pushing the year-over-year rate to 3.46%. That’s not a catastrophic number, but it’s also not the “inflation is beaten” story the Fed has been hoping to tell.

The US national debt ticked down a fraction on October 9th, settling at $40.30 trillion after a $380 million dip from the prior day. That daily wiggle means nothing. What does mean something: the debt

The 2-year Treasury yield rose to 4.80% on Friday, erasing a week’s worth of declines in a single session. What makes this interesting isn’t the size of the move, 0.05 percentage points is not dramat

The 10-year Treasury yield edged up to 5.24% on October 9, ticking 0.02 points higher from the day before. That small move buries the more important story: the benchmark rate has been locked in a tigh

The 2-year Treasury yield slipped to 4.75% on October 8, continuing a gentle five-day slide from 4.84%. A 9-basis-point move in a week is small in absolute terms. The direction, though, tells a story

Thursday’s one-day dip in the 10-year Treasury yield from 5.28% to 5.22% will get attention. The more important fact is where it’s sitting: above 5%, where it has been all week, in a range the U.S. ec

The 30-year mortgage rate jumped to 7.4% this week, up from 7.28% last week and a sharp reversal from the 6.71% reading in early September. In roughly five weeks, rates have climbed 0.69 percentage po

Initial jobless claims fell to 197,000 for the week ending October 3, the lowest reading in this recent stretch and the third consecutive week below 200,000. The number people keep waiting to crack ha

The US national debt hit $40.273 trillion as of October 6, up nearly $24 billion in a single day and up almost $1.9 trillion from a year ago. That 4.94% year-over-year growth rate is not a crisis alar

US Crude Stockpiles Just Reported a 69% Single-Week Drop. Something Doesn’t Add Up.

Henry Hub spot prices edged up to $3.05 per million BTU this week, a gain of less than a penny from the prior week. Zoom out, though, and the more important number is the year-over-year figure: gas is

The US national debt crossed $40.2 trillion as of October 5, and the number barely made a ripple. Maybe that’s the most interesting part.

The 2-Year Treasury Is Stuck.

The 10-year Treasury yield hit 5.31% on Monday, its highest point in the recent trend and a level that would have seemed extraordinary just a few years ago. More telling than the single number is the