Daily Economic Update

8/5/2021 6:06 am EDT

Hello. This is your economic update for Thursday, August 5th 2021. Most near-term indicators show that the US is in recession.

The U.S. 10-year treasury ended yesterday at 1.19%, flat compared to the day prior, but 10 bps lower than a week earlier. The 10-yr/3-mo treasury yield curve was 114 bps, in line with the day prior, but down 10 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 positive on the economy