For the past week, 10-Year Treasury rates increased by 12 bp, bringing the net change over two weeks to an increase of 14 bp.
The red line represents current rates, while the green line shows rates from one week ago. Short-term rates have decreased, while longer-term rates have risen.
For terms of 5+ years, the yield curve is now showing a positive shape. As the Fed reduces its Fed funds rate, short-term rates are expected to decrease further, and the yield curve will gradually return to a normal positive slope.
Bill Knudson, Research Analyst LANDCO NEXA