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 thereof, longer-term rates up 28bp
11.1.23 Next Fed meeting
For the past 2 weeks, 10-year Treasury rates were up 25bp Past week: up 28bp.
Next Fed meeting 11.1.23
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 up slightly.
