Upcoming Key Economic Data Release:
The next new job release is 9.6.24.
The next inflation release 9.11.24
The next Fed meeting is 9.18.24
For the past week, 10-year Treasury rates were UP 1bp. The net change in 2 weeks is DOWN 5bp.
The red line is the most current rates while the green line is from one week ago. Shorter-term rates were DOWN relative to longer-term rates, as such the inverted yield curve is LESS steep. For terms 5+ years, the Yield Curve is now showing a positive shape.
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