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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