TRA Macro Tracking Index

Current Outlook

The dollar weakened and yields rose amid a weak 20 year Treasury auction on May 21, 2025. Investors in U.S. Treasuries are looking for more yield to take on long-term U.S. paper risks in part due to the prospect of the House Budget bills passage before Memorial Day. This is a relatively clear signal that U.S. fiscal strains remain present in the market.

Variable + DateValueDirection
Macro Indicators as of May 21, 2025
10 Year Yields14.595↑ Up
U.S. Dollar Index299.64↓ Down
Consumer Confidence as of May 16, 2025
MSCI350.8↓ Down
Conference Board486↓ Down
GDP as of May 19, 2025
GDPNow52.4%↓ Down
Unemployment as of March 1, 2025
Unemployment64.20%→ Flat
Inflation as of March 31, 2025
Core PCE72.60%↓ Down
Containerized Freight Index as of March 31, 2025
TSI8137.0→ Flat