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 were unchanged. Net change in 2 weeks decreased 21bp.
The red line is current rates while the green line is 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 the Fed cutting short term and the market commanding higher longer-term rates.
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