Daily Economic Update

10/1/2020 6:06 am EDT

Hi. This is your economic update for Thursday, October 1st 2020. Most near-term indicators show that the US is in recession. Notable exceptions include real personal income (ex. transfers), electronics and appliance sales, and the Chauvet/Piger recession indicator.

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The U.S. 10-year treasury ended yesterday at 0.69%, up 3 bps from the day prior, and 1 bps higher than a week earlier. The 10-yr/3-mo treasury yield curve was 59 bps, up 2 bps compared to the day prior, and up 1 bps compared to last week.You can check out the current bond rates at Bloomberg.

Please check the list of indicators for more details and come back tomorrow for another update.

What does twitter think about the economy?

We are in the process teaching our AI to analyize these tweets. Our AI's preliminary view is that this twitter user is neutral on the economy