Upcoming Key Economic Data Release:
The next new job release is 9.6.24.
The next inflation release 9.11.24
The next Fed meeting is 9.18.24
For the past week, 10 Year Treasury rates were DOWN 14bp. The net change in 2 weeks is DOWN 6bp.
The red line is the most current rates while the green line is from one week ago. Shorter-term rates were DOWN relative to longer-term rates, as such the inverted yield curve is LESS steep. For terms 5+ years, the Yield Curve is now showing a positive shape.
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