Macro context for the Graham tests
macro_contextFetches Aaa bond yield, 10-year Treasury, and CPI with dates, so Graham value tests use current macro ceilings; optionally checks a P/E against the Aaa-derived limit.
Instructions
Fetch the macro figures Graham's tests are stated against: the Moody's Aaa corporate bond yield, the 10-year Treasury, and CPI with its trailing twelve-month change. Graham required an earnings yield of at least twice the Aaa yield, so the P/E a name must beat moves with the bond market — a fixed ceiling quoted from the book applies a 1973 bond yield to a current balance sheet. Every figure carries the date it is for. Needs a FRED key.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| priceEarnings | No | A candidate's P/E, to judge against the Aaa-derived ceiling. Optional. |