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Treasury Rates Update: May 2nd, 2024


Moderate decrease in Treasuries following the Fed's FOMC 5.1.24 meeting at which they announced they would slow their US Treasury portfolio runoff.


Upcoming Key Economic Data Release:  

The next Fed meeting is 6.12.24   It is anticipated the Fed may or may  not lower rates at 6.12.24 meeting


The next new job release is 5.3.24.  (Increased from 275,000 to 303,000 on 4.5.24  unemployment 3.8%)


The next inflation release is 5.15.24.  (Annual increased from 3.2% to 3.5% on 4.10.24)


For the past week, 10-year Treasury rates were down 126bp. The net change in 2 weeks is up 6bp.


The red line is the most current rates while the green line is from one week ago.

Longer-term rates decreased more relative to shorter-term rates, as such the inverted yield curve is more steep.

For terms 5+ years, the Yield Curve is BARELY positive.

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