Key dates and results:
10.6.23 net new monthly jobs were robust.
10.12.23 CPI unchanged at 3.7%
10.19.23 week longer-term rates up 28bp
11.1.23 Next Fed meeting
For the past 2 weeks, 10-year Treasury rates were up 16bp Past week: down 12bp.
Next Fed meeting 11.1.23.
The red line is the most current rates while the green line was one week ago.
Longer-term rates rose by a SUBSTANTIAL amount relative to shorter-term rates, as such the inverted yield curve is less steep. For terms 5+ years, the Yield Curve is positive. One month rates were down slightly.
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