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 increased 4bp. Net change in 2 weeks down 2bp.
The red line is current rates while the 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 the Fed cutting short-term and the market commanding higher longer-term rates.
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