Treasury Rates Update: April 6th, 2023

For the past 2 weeks, 10 Year Treasury rates were down 8bp. Down 25bp in the past week Market swings have been less pronounced, trending down due to recession concerns.

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Red line is the most current rate while the green line is from one week ago.

Short-term rates decreased by 15bp while longer-term rates were down 25bp for the week. The 10 Year is now at its lowest point for the year.

Yield curve inversion increased

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Changes in the 10-Year US Treasury Rates over the First Quarter 2023.

This has implications for firms with Mark-to-Market assets in banking portfolios