For the past 2 weeks, 10-Year Treasury rates were down 20bp. Last week, they were up 9bp. The next Fed meeting is scheduled for 7.26.23.
The red line represents the most current rates, while the green line represents rates from one week ago. The entire yield curve increased, with the 2-year term increasing by 21 bps and the 10-year term up by 9bp. This steepened the inverted yield curve. Additionally, one-month rates were up by 7 bps.
Bill Knudson, Research Analyst LANDCO ARESC