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United States 10-Year Bond Yield

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3.741
+0.013(+0.36%)
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United States 10-Year Discussions

the last consumer sentiment report shows people still have money in their bank accounts which was left over from the quarantine. not only that, employment numbers still look sweet. GDP was low but the way its measured accounts for inflation which is really high so GDP probably isnt as bad as some will tell you.
Layoffs And Recession Fears Grow - Forbes
The monthly jobs report comes one day after career services firm Challenger Gray reported U.S. employers announced 32,517 cuts in June, surging nearly 59% from one year prior and marking the worst showing since February 2021 thanks to an uptick in cuts across the real estate, automobile and media industries.
Anybody that is paying attention to what they're paying for stuff knows inflation is a lot higher than the official reports suggest, so the GDP is also much more negative than the official number. Look at shadow stats to see today's CPI calculated the way it was in the 1970s, before they started susbstituting cheaper products to doctor the numbers. Today, they might as well tell us that inflation is negative because dog food today costs less than filet mignon did a year ago.
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