For the past 2 weeks, 10-Year Treasury rates were down 16bp. Past week: down 10bp.
11.14.23 CPI came in at zero for the month of October.
Next CPI released 12.13.23.
Red line represents the most current rates, while the green line represents rates from one week ago.
Shorter-term rates decreased relative to longer-term rates; as a result, the inverted yield curve is less steep. For terms of 5+ years, the Yield Curve is positive. One-month rates were up unchanged.