For the past 2 weeks, 10 Year Treasury rates were up 28bp. Past week: up 26bp. Every day for the past week, rates increased by a modest amount. No major change, an accumulation of small increases. On 5.3.23 the Fed made an announcement that broadly hinted that future rate increases would be in a “wait and see mode”
The red line is the most current rate while the green line is one week ago.
The entire yield curve for the 1-2 year terms increased 33bp while longer terms were up 26bp. One-month rates were down 22bp.
Yield curve inversion increased.
