Commentary:
Virtually no movement in Treasuries this past week or prior week.
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Next new job release is 4.5.24. Most recent 275,000
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Next inflation release is 4.10.24. Annual is at 3.2%
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Next Fed meeting is 5.2.24 It is anticipated Fed will lower rates at 6.12.24 meeting
For the past week, 10 Year Treasury rates were down 7bp. Net change in 2 weeks is down 9bp.
Red line is most current rates while green line is one week ago. Shorter term rates decreased LESS relative to longer term rates, as such the inverted yield curve is more steep.
For terms 5+ years, the Yield Curve is positive.
