Castle Investment Economist: The 30-year Treasury yield is a key indicator of economic conditions.

Castle Investment Economist Angel Ubide said that the US economy and labor market are in a fragile balance, and the long-term bond yield is a key indicator to judge whether this background is deteriorating. Ubide, fixed income and macroeconomic research director at a hedge fund, said in an interview last week, "The economy is on the good side of a fragile balance, especially the labor market, but we are nearing the edge." "Our economy is more or less resilient, the unemployment rate is still low, consumer health has not yet shown cracks, and monetary policy tends to be accommodative," he called it "a satisfactory combination." He said he is monitoring the 30-year US bond yield to assess economic trends. "Any rapid movement above 5% could pose a threat to risk assets," he said.