For the past 2 weeks, 10 Year Treasury rates were down 14bp. Past week: down 2bp. On 5.3.23 the Fed made an announcement that broadly hinted that future rate increases would be in a “wait and see mode”
Red line is the most current rate while the green line is from one week ago.
The entire yield curve for the 1-2 year terms increased 12bp. No change in the one month
Yield curve inversion increased.