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Treasury Rates Update: May 9th, 2024

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 this meeting


The next new job release is 6.7.24.  (decreased from 303,000 to 175,000 on 5.3.24  unemployment increased from 3.8% to 3.9%)


The next inflation release is this Wednesday 5.15.24.  (Annual CPI is currently 3.5% and may decrease to 3.4% or no change as April 2023's monthly 0.4% data point will fall out of the annual CPI calc)


For the past week, 10-year Treasury rates were down 13bp. The net change in 2 weeks is down 25bp.


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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