10-Year US Treasury Yield ‘Fair Value’ Estimate: 12 July 2024
The spread between the US 10-year Treasury yield vs. a ‘fair value’ estimate calculated by CapitalSpectator.com narrowed to a three-month low in June. The market-based yield is still well above this fair value estimate, but as expected in recent months (see here, for instance) the excessive market premium is still expected to slide.