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Treasury Rates Update: March 14th, 2024

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.


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