Upcoming Key Economic Data Release:
The next new job release is 11.1.24.
The next inflation release is 11.13.24
The next Fed meeting is 11.7.24
For the past week, 10 Year Treasury rates were UP 24bp. The net change in 2 weeks is up 30bp.
The red line is the most current rate while the green line is from one week ago. Longer term rates are up due to stronger than expected monthly jobs report of Oct 4.
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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