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Yields in the bond market are currently higher than the U.S. central bank’s rate, with the Federal Reserve at 3.88% and the 10-year yield at 5.24%.
Michael A. Gayed states that the bond market is already tightening 136 basis points more than the central bank and argues that yields are responsible for real tightening, not projections.
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Gayed has commented on earnings from other companies in recent weeks. He discussed APLD’s $3.0 billion in capital expenditures and $116 million expected revenue as the firm reported results in a recent article. He also reported that ACN posted a 6% rise in third-quarter revenue while bookings fell 2% in a separate note.