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US Q1 ’16 GDP Forecast Drops To 0.6% (After 1.4% In Q4 ’15) – 10Y Treasury Yield Slips

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Not only was the US inflation report less than appetizing (1.0% YoY for the GDP Deflator), but now the Atlanta Fed GDPNow forecast models indicates a Q1 GDP print of … 0.6%.

gdpnow-forecast-evolution 0321816

Here is the chart of the GDP deflator at 1.0% YoY.


What do we get? Tumbling 10 year Treasury yields.


WIRP (the implied probability of a Fed rate hike in April)? 6%.

On the good ship, Follypop.

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