Treasury Rates: As of September 15th, 2022

Daily changes in the US 10 Year Treasury rates are the blue bars while the red line is the 14-day cumulative change in rates: 30bp cumulative INCREASE. For the blue bars, it is unusual to have changes of greater than 0.10 in a single day and 0.20 is VERY unusual. Like a steady drum beat, rates are increasing by about 4bp/day.

 

Rates for ALL terms were up this week. The Yield Curve for short terms remains steep while the longer term (5+ years) remains INVERTED. Note 1 year rates were up 40bp this past week to 4.00%. The last time 1 year was this high was October 2007


The next Fed meeting is Sept 21. Ged is likely to increase the Fed Funds rates by 50bp or 75bp.

 

With 1-year rate at 4.00% and longer-term lower, the lines have converged which is indicative of an inverted yield curve.


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