U.S. macro backdrop
MACRO BACKDROP · MARKET VIEW
Market view · as of Jul 28, 2026
Fed funds rate
3.63%
2026-06-01 · 3.63% prior
10-yr Treasury
4.6900000000%
2026-07-24 · 4.7100000000% prior
CPI (index)
332.568
2026-06-01 · 333.979 prior
The 10-year Treasury yield stands at 4.69% as of July 24, 2026, maintaining a spread above the federal funds rate, which was 3.63% as of June 1, 2026. Consumer prices, as measured by the CPI index, reached 332.568 in June 2026.
Indicators
| Indicator | Latest | Prior | As of |
|---|---|---|---|
| Fed funds rate | 3.63% | 3.63% | 2026-06-01 |
| 10-yr Treasury | 4.6900000000% | 4.7100000000% | 2026-07-24 |
| CPI (index) | 332.568 | 333.979 | 2026-06-01 |