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 11.7.24
For the past week, 10-year Treasury rates were UP 6bp. The net change in 2 weeks is UP 11bp.
The red line is the most current rate while the green line is from one week ago. Longer-term rates were UP relative to shorter-term rates, as such the inverted yield curve is LESS steep. For terms 5+ years, the Yield Curve has now shown 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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