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
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
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
