Over the past week, 10-Year Treasury rates were up 24 basis points, with a net change of 30 basis points over two weeks.
The red line represents the most current rates, while the green line shows rates from one week ago. Longer-term rates have risen due to a stronger-than-expected monthly jobs report on October 4.
For terms of 5 years or more, the yield curve is now showing a positive shape. As the Federal Reserve decreases the federal funds rate, short-term rates will decline, and the yield curve will return to its normal positive slope.
Bill Knudson, Research Analyst LANDCO NEXA