US 10 Year Treasury Decreased 2bp Week Ending 5/11/23

For the past two weeks, the 10 Year Treasury rates have been down 14bp. In the past week, they were down 2bp. On May 3rd, 2023, the Fed made an announcement that broadly hinted that future rate increases would be in a “wait and see mode”.

The red line represents the current rates, while the green line represents rates from one week ago. The yield curve for 1-2 year terms increased by 12bp, but there was no change in the one-month term. The yield curve inversion also increased.

Bill Knudson, Research Analyst LANDCO ARESC