For the past 2 weeks, 10 Year Treasury rates were up 11bp Past week: down 3bp. On 5.3.23 the Fed made an announcement that broadly hinted that future rate increases would be in a “wait and see mode. CPI was down from 4.9% to 4.0% on 6.13..23 and 6.14.23 Fed did not increase rates, for the first time in 15 months.
The red line is the most current rate while the green line is from one week ago.
The entire yield curve for the 2-year terms increased by 10bp with a longer-term increase of 1bp. This made the inverted yield curve steeper. One-month rates were DOWN 7bp.