Upcoming Key Economic Data Release:
The next new jobs report is December 6.
The next CPI release is December 11
The next Fed meeting is December 18
For the past week, 10-year Treasury rates 18bp decrease. The net change in 2 weeks is down 19bp.
The red line is current rates while the green line is one week ago. Short-term rates are unchanged, longer-term down. For terms 5+ years, the Yield Curve is now showing a positive shape. As the Fed decreases its Fed funds rate, short-term rates will decrease and the yield curve will return to a normal positive slope.
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