Commentary:Â Â
Moderate increase in Treasuries, the market has overreacted to the CPI increase announced on April 10
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Upcoming Key Economic Data Release:Â Â
The next new job release is 5.3.24. Increased from 275,000 to 303,000 on 4.5.24
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The next inflation release is 5.15.24. Annual increased from 3.2% to 3.5% on 4.10.24
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The 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 8bp. The net change in 2 weeks is up 33bp.
The red line is the most current rate while the green line is from 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.
