Upcoming Key Economic Data Release:
The next new job release is 8.2.24.
The next inflation release is 8.14.24.
The next Fed meeting is 7.31.24.
For the past week, 10-year Treasury rates were UP 7bp. The net change in 2 weeks is UP 7bp.
The red line is the most current rate while the green line is from one week ago.
Longer-term rates were UP relative to shorter-term rates, as such the inverted yield curve is LESS steep.
For terms 5+ years, the Yield Curve is BARELY positive.
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