Macro dashboard

• Yield curve (2s10s)+44bpSteeper by 4bp this month
• CPI inflation3.4%Aug · prior 3.4%
• Real 10Y yield2.91%▲ 45bp over 1 month
• Next FOMC · Oct 28Hold 88%Target 3.75–4.00%
• Macro regimeGrowth up, rates up, dollar upsince Oct 4
• 10Y breakeven inflation2.33%▼ 4bp over 1 month · market-implied inflation, next 10 years

• Fed funds3.88%0bp
• 2Y4.80%+5bp
• 10Y5.24%+2bp
• 2s10s+44bp−3bp
• VIX15.41+0.33
• Dollar (broad)121.4−0.3% · Oct 2

as of Oct 8

• Book noteThe Art of Currency Trading — Chapter 8Jul 23
• Book noteFixed Income Trading and Risk Management — Chapter 4 - Bank Money CreationJun 19
• Book noteFixed Income Trading and Risk Management — Chapter 3 - BanksJun 16
• Book noteFixed Income Trading and Risk Management — Chapter 2 - Money, Credit, and BankingJun 15
• Book noteFixed Income Trading and Risk Management — Chapter 1 - IntroJun 15
• Book noteThe Long Good Buy — Chapter 3May 14
• The Art of Currency Trading1 chapter
• Fixed Income Trading and Risk Management4 chapters
• The Long Good Buy3 chapters

Sources: Treasury / Federal Reserve H.15 via FRED, BLS via FRED, Cboe via FRED, and RiskCurve calculations.