Upcoming Key Economic Data Release:
The next new job release is 10.4.24.
The next inflation release 10.10.24
The next Fed meeting is 9.18.24
For the past week, 10 Year Treasury rates were DOWN 5bp. The net change in 2 weeks is DOWN 16bp.
The red line is the most current rates while the green line is from one week ago. Shorter-term rates were DOWN relative to longer-term rates, as such the inverted yield curve is LESS steep. For terms 5+ years, the Yield Curve is now showing a positive shape.
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