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Treasury Rates Update: April 11th, 2024

Commentary:  


Substantial increase in Treasuries this past week due to CPI increase announced on April 10.

 

Upcoming Key Economic Data Release:  

  • Next new job release is 5.3.24Increased from 275,000 to 303,000 on 4.5.24

  • Next inflation release is 5.15.24.  Annual increased from 3.2% to 3.5% on 4.10.24

  • Next Fed meeting is 5.2.24  It is anticipated Fed will lower rates at 6.12.24 meeting


 

For the past week, 10 Year Treasury rates were up 25bp. Net change in 2 weeks is up 36bp.

 

Red line is most current rates while green line is one week ago. Longer-term rates increased more relative to shorter-term rates, as such the inverted yield curve is less steep.

For terms 5+ years, the Yield Curve is BARELY positive.


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