Upcoming Key Economic Data Release:
The next new jobs report is January 10.
The next CPI release is January 15.
The next Fed meeting is December 18.
For the past week, 10-year Treasury rates have had a 15bp increase. The net change in 2 weeks up 7bp.
The red line is current rates while the green line is one week ago. Short-term decreased while long-term increased. For terms 1+ years, the Yield Curve shows a positive shape. As the Fed decreases its Fed funds rate, short-term rates will decrease and the yield curve will return to a normal positive slope. If the Fed decreases rates on Dec 18 we WILL have a positive yield curve for the first time in YEARS.
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