Key dates and results:
10.12.23 CPI unchanged at 3.7%
10.19.23 week - longer-term rates up 28bp
11.1.23 Fed meeting --No change in rates
11.3.23 net new monthly jobs were low.
11.14.23 CPI for October was unchanged
For the past 2 weeks, 10-year Treasury rates were down 22bp Past week: down 17bp.
11.14.23 CPI came in at zero for the month of October.
The red line is the most current rate while the green line is one week ago.
Longer-term rates decreased 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 unchanged.