LUMINACAPITALGlobal Macro Intelligence
New York16:26:39 ET
UST 2Y3.800%UST 5Y3.990%UST 10Y4.330%UST 30Y4.800%CPI (Urban)2.4% YoY▲ 0.22% MoMCore CPI2.8% YoY▲ 0.21% MoMPCE Deflator2.3% YoY▲ 0.33% MoMSPX5,218.2▼ 0.81%NDX18,142.7▼ 0.97%DJIA39,512.8▼ 0.46%DAX17,804.2▲ 0.24%UST 2Y3.800%UST 5Y3.990%UST 10Y4.330%UST 30Y4.800%CPI (Urban)2.4% YoY▲ 0.22% MoMCore CPI2.8% YoY▲ 0.21% MoMPCE Deflator2.3% YoY▲ 0.33% MoMSPX5,218.2▼ 0.81%NDX18,142.7▼ 0.97%DJIA39,512.8▼ 0.46%DAX17,804.2▲ 0.24%

Global Macro Overview

2Y Treasury3.800%
5Y Treasury3.990%
10Y Treasury4.330%
30Y Treasury4.800%
US Treasury Yield Curve2026-04-23
10Y–2Y Spread+53 bps
1M4.33%
3M4.33%
6M4.27%
1Y4.06%
2Y3.80%
3Y3.85%
5Y3.99%
7Y4.16%
10Y4.33%
20Y4.79%
30Y4.80%
Inflation IndicesFed Target: 2.00%
2.4%CPI (Urban)
2.8%Core CPI
2.3%PCE Deflator
CPI (Urban)
+2.4% YoY
Mar 2026
Core CPI
+2.8% YoY
Mar 2026
PCE Deflator
+2.3% YoY
Feb 2026
Global Equity Indices
Americas
SPXS&P 500
5,218.19-0.81%
NDXNASDAQ 100
18,142.7-0.97%
DJIADow Jones
39,512.8-0.46%
Europe
DAXDAX
17,804.2+0.24%
UKXFTSE 100
8,012.5-0.23%
Asia Pacific
NKYNikkei 225
38,029.1+0.83%
SHCOMPShanghai
3,074.2-0.40%
Yield Curve Analysis
10Y–2Y Spread53 bpsNormal Slope
10Y Yield4.330%10-Year Benchmark
30Y Yield4.800%Long Duration
Real Yield (10Y)1.93%Nominal minus CPI YoY
2Y Yield3.800%Policy Sensitive
Avg CPI YoY2.50%Mar 2026 / Mar 2026 / Feb 2026

The yield curve maintains a healthy positive slope. Inflation remains near the Federal Reserve's 2% target, sustaining a restrictive policy stance.