Upcoming Key Economic Data Release:
The next new jobs report is March 7.
The next CPI release is March 12.
The next Fed meeting is March 19.
For the past week, 10 Year Treasury rates decreased 2bp. Net change in 2 weeks increased 7bp.
The red line are current rates while the green line is from one week ago. Longer increased
For terms 1+ years, the Yield Curve is positive. As the Fed decreases its Fed funds rate, short term rates will decrease and the yield curve will return to a normal historical positive slope.
We are getting a positive sloped yield curve through a combination of Fed cutting short term and the market commanding higher longer-term rates.
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