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24th Mar 2022 00:20U.S., Daily Monitor

  • Real yields have risen recently by much more than breakevens; is faith in the "new normal" crumbling?
  • If productivity growth is mean-reverting to 2%-plus, real yields have much further to rise.
  • Downside risk to headline February durable goods orders, but the the core should be solid.

capex capital goods capital spending commodity prices core capital goods orders cpi cpi inflation credit durable goods fed headline CPI headline cpi inflation housing market labor March oil oil prices productivity productivity growth tips transportation treasury market yields

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Keywords for: Do Rising Real Yields Signal Fading Faith in the "New Normal"

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