All About The Curve

Treasury yields inched up a little further, crossing the 5.25% mark. As the yield curve continues to reshape, the stock market wrings its hands about inflation. The result was an overall drop of around 1% for the day. While fuel is not part of the "core inflation" calculation, one help may be lower gasoline prices. Jackson, Mississippi has the lowest price per gallon now, hovering in the $2.80 range. Predictions are that gas prices will continue to drop until the next big holiday, July 4th. We may not get a break from the heat, but a break from the high price of gasoline would be a welcome relief! DJIA -129.95 NASDAQ -22.38 S&P 500 -16.12