Data Wire

The Job Market’s Quiet Resilience Just Got a Little Louder

The average interest rate on Treasury Notes rose to 3.283% in June, up from 3.248% in May. That’s a small number on its own. The bigger story is what’s underneath it: six straight months of increases,

Gasoline at the pump just dropped to $3.777 per gallon, down from $3.831 the week before. That’s the fifth consecutive weekly decline, and it pulls prices nearly 53 cents below where they were just fi

The 2-year Treasury yield ticked up to 4.17% on July 1, its fourth consecutive daily gain after bottoming near 4.07% on June 26. That’s a small move in absolute terms, but the direction is the story.

The 10-year Treasury yield rose to 4.48% on July 1, up from 4.38% just a few sessions earlier, a quiet but steady climb that has pushed the benchmark rate to its highest point in recent weeks. It’s n

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Henry Hub natural gas ticked up to $3.20 per million BTU this week, a 2.6% gain from last week’s $3.12. On the surface, that looks like an unremarkable move. Dig one level deeper, and the real story i

The 30-year fixed mortgage rate edged up to 6.49% this week, a tiny move of just 0.02 percentage points from last week’s 6.47%. The real story isn’t the tick higher. It’s how little rates have moved i

The Fed’s Inflation Gauge Is Stuck Above 3%. That’s the Whole Story.

The US national debt ticked down a trivial $310 million on June 23, landing at $39.32 trillion. Don’t let the daily noise distract you. The actual story is in the annual number: the debt has grown by

Natural gas at Henry Hub slipped to $3.12 per million BTU last week, down 1.27% from $3.16 the prior week and down nearly 8% from a year ago. The more interesting story is what the past month tells us

The US national debt hit $39.32 trillion as of June 22, up 5.56% from a year ago. That works out to roughly $2.07 trillion added in 12 months. To put that in perspective, the US added more debt in the

American factories, mines, and utilities cranked out just 0.14% more stuff in May than April — the industrial economy’s version of treading water. At 102.6 on the index, we’re barely above where we we

The 2-year Treasury yield dropped 8 basis points to 4.05% yesterday — a sharp one-day move that signals bond traders are increasingly betting the Fed’s rate-hiking cycle is not just over, but about to

The 10-year Treasury yield dropped 10 basis points to 4.45% yesterday after bouncing around the mid-4.5% range all week. While that might sound like noise, it’s actually the market wrestling with a fu