Upcoming Key Economic Data Release:
The next new jobs report is February 7.
The next CPI release is February 12.
The next Fed meeting is January 29.
For the past week, 10 Year Treasury rates decreased 7bp. Net change in 2 weeks up 4bp.
Red line are current rates while green line is one week ago. Short term no change while long term 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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