Key dates and results:
10.6.23 net new monthly jobs were robust.
10.12.23 CPI unchanged at 3.7%
10.19.23 week, longer-term rates up 28bp
11.1.23 Next Fed meeting --No change in rates
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For the past 2 weeks, 10-year Treasury rates were down 31bp Past week: down 19bp.
Fed meeting 11.1.23 no change in rates. The next meeting is on 12.13.23
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The red line is the most current rates while the green line is from one week ago.
Longer-term rates rose by a SUBSTANTIAL amount relative to shorter-term rates, as such the inverted yield curve is less steep. For terms 5+ years, the Yield Curve is positive. One month rates were down slightly
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