For the past two weeks, 10-year Treasury rates have been down 1bp. The market is unsettled due to the significant up and down swings in rates.
The red line represents the current rates, while the green line represents rates from one week ago. Short-term rates increased by 30bp, while longer-term rates increased by 15bp for the week. As a result, the yield curve inversion has increased.
Here are the changes in the 10-year US Treasury rates over the first quarter of 2023. These changes have implications for firms with mark-to-market assets in their portfolio.
Bill Knudson, Research Analyst LANDCO ARESC