Over the past week, 10-Year Treasury rates increased by 12 bp, bringing the net change over the past two weeks to 15 bp.
The red line represents the most current rates, while the green line shows rates from one week ago. Short-term rates have declined, while longer-term rates have risen.
For terms of 5+ years, the yield curve is now showing a positive shape. As the Federal Reserve lowers the Fed funds rate, short-term rates are expected to decrease, and the yield curve will likely return to a normal positive slope.
Bill Knudson, Research Analyst LANDCO NEXA