For the past two weeks, the 10-Year Treasury rates have increased by 8 basis points. In the past week alone, they rose by 18 basis points.
The next Federal Reserve meeting is scheduled for September 20, 2023. Normally, Fed meetings occur twice a year with a six-week gap in between. However, during the upcoming summer break, there will be an eight-week gap between meetings. Historically, the market has exhibited a tendency to trend upward during longer breaks between Fed meetings. There will be one Consumer Price Index (CPI) release before the next Fed meeting.
The red line represents the most current rates, while the green line represents rates from one week ago.
Longer-term rates increased this past week, with the 10-year rate rising by 18 basis points. This change resulted in a less steep inverted yield curve.
One-month rates remained unchanged.
Bill Knudson, Research Analyst LANDCO ARESC