RC Quantum Automation · Investment Group

Macro Command Board

 

Read as of · data updated · refreshed each weekday morning

Policy rate and Treasury yields

Cost of capital and the hurdle every deal is priced against.

Federal funds rate

 

Cost of capital

·

Next:

2-year Treasury

 

Tracks where policy is headed

·

Next:

10-year Treasury

 

Benchmark hurdle rate; drives mortgage and cap-rate pricing

·

Next:

30-year Treasury

 

Long-duration hurdle; term premium

·

Next:

Yield curve

Recession and growth expectations.

Treasury curve, 1 month to 30 years

Latest close

Shape of the curve from bills to bonds: slope shows what the market expects for policy and growth.

U.S. Treasury / market quotes

10s–2s spread

 

Positive slope = market expects growth, not recession

·

Next:

Effective fed funds

 

Where overnight money actually trades

·

Next:

Inflation

Purchasing power and real returns.

CPI, headline

 

What consumers pay; drives rent escalators and COLAs

·

Next:

CPI, core

 

Ex food and energy; underlying trend

·

Next:

PCE, headline

 

Broader price measure

·

Next:

PCE, core

 

The Fed's target gauge (2%)

·

Next:

Growth and labor

Economic expansion, and consumer and business health.

Real GDP growth

 

Expansion vs contraction

·

Next:

Unemployment rate

 

Consumer health

·

Next:

Nonfarm payrolls

 

Job creation; tenant and demand pipeline

·

Next:

Liquidity and credit

Monetary liquidity, risk appetite and financing availability.

M2 money supply

 

Monetary liquidity trend

·

Next:

High-yield spread

 

Market perception of risk

·

Next:

Investment-grade spread

 

Cost of high-quality corporate credit

·

Next:

Bank lending standards

 

Availability of financing (Senior Loan Officer survey)

·

Next:

Dollar, fiscal and energy

Global capital pressure, long-term fiscal exposure, and input costs.

Dollar index (DXY)

 

Global capital and currency pressure

·

Next:

Federal deficit

 

Treasury supply pressure on long yields

·

Next:

Debt held by public

 

Long-term fiscal exposure

·

Next:

Gross national debt

 

Total federal obligations

·

Next:

WTI crude

 

Inflation and industrial economics

·

Next:

Brent crude

 

Global oil benchmark

·

Next:

Natural gas

 

Utility and operating costs

·

Next:

Release calendar

Scheduled data and Fed events that move the board. Times are Eastern; high-impact releases in red.

Next high-impact releases

Upcoming

Upcoming schedule

DateTimeReleaseCoversMoves on this boardImpactStatus

Federal Reserve, BLS, BEA, Census and Treasury release calendars. Estimated dates follow the agency's usual timing and are confirmed at each refresh. This week's rows are shaded.