Upcoming Key Economic Data Release:
The next new job release is 4.5.24. Most recent past: 3.8.24 New jobs data for February released 275,000 Revision to the prior month of January was a downward revision of 124,000
The next inflation release is 4.10.24. Most recent past: 2.13.24 CPI decreased from 3.1% to 3.2%
The Next Fed meeting is March 20 Most recent past 1.31.24 the Fed keep rates unchanged however they clearly indicated that up to 3 rate cuts were a distinct possibility later in 2024.
For the past week, 10-year Treasury rates were down 20bp. The net change in 2 weeks is up 4bp.
The red line is the most current rates while the green line is from one week ago. Longer-term rates decreased LESS relative to shorter-term rates, as such the inverted yield curve is less steep.
For terms 5+ years, the Yield Curve is positive.
