For the past 2 weeks, 10-year Treasury rates were up 22bp Past week: up 20bp.
Fed 9.20.23 meeting ----no rate change, reaction to potential Fed future rate increases.
The red line is the most current rates while the green line is from one week ago.
Very little change this past week until Friday’s 14bp spike. This made the inverted yield curve less steep. One month rates were unchanged.