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Bill Knudson

Treasury Rates Update: May 16th, 2024

Upcoming Key Economic Data Release:  


Next new job release is 6.7.24.  (most recent 5.3.24 decreased from 303,000 to 175,000 unemployment increased from 3.8% to 3.9%)

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Next inflation release 6.12.24  (most recent 5.15.24 annual CPI decreased from 3.5% to 3.4%)

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Next Fed meeting is 6.12.24   It is anticipated Fed may or may  not lower rates at this meeting.


 

For the past week, 10-year Treasury rates were down 7bp. The net change in 2 weeks is down 20bp.

 

The red line is the most current rates while the green line is from one week ago.

Longer-term rates decreased more relative to shorter-term rates, as such the inverted yield curve is more steep.


For terms 5+ years, the Yield Curve is BARELY positive.


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