Upcoming Key Economic Data Release:
Next new job release is 8.2.24.
Next inflation release 7.11.24
Next Fed meeting is 7.31.24
For the past week, 10-year Treasury rates were DOWN 1bp. The net change in 2 weeks is UP 3bp.
The red line is the most current rates 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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