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 increased 12bp. The net change in 2 weeks up 15bp.
The red line represents the most recent rates, while the green line reflects rates from a week ago. Short-term rates have declined, while longer-term rates have risen.
For terms of 5 years and beyond, the Yield Curve is now showing a positive slope. As the Fed lowers the federal funds rate, short-term rates will likely continue to drop, gradually bringing the yield curve back to a standard upward slope.
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