For the past 2 weeks, 10 Year Treasury rates were up 8bp Past week: down 11bp.
The Next Fed meeting is 9.20.23 Twice a year the Fed meetings are 6 weeks apart, in this coming summer break it is 8 weeks. Over the recent past, the market has tended to drift upward between longer breaks in Fed meetings. There will be 1 CPI and 1 jobs announcement before the next Fed meeting.
The red line is the most current rates while the green line is from one week ago.
The entire yield curve decreased. 2-year term DECREASED by 8bp
10-year down 11bp. This made the inverted yield curve more steep. One month rates were up 1bp