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Treasury Rates Update: April 18th, 2024

Commentary:  


Moderate increase in Treasuries, the market has overreacted to the CPI increase announced on April 10

 

Upcoming Key Economic Data Release:  


The next new job release is 5.3.24Increased 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.


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