For the past 2 weeks, 10-Year Treasury rates were down 22bp. Past week: down 17bp.
11.14.23 CPI came in at zero for the month of October.
Next Fed meeting is scheduled for 12.13.23.
Red line represents the most current rates, while the green line represents rates from one week ago.
Longer-term rates decreased relative to shorter-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.
Bill Knudson, Research Analyst LANDCO ARESC