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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

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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%)

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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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