For the past two weeks, 10-year Treasury rates have been down by 8bp and down by 25bp in the past week. Market swings have been less pronounced and trending downwards due to concerns about a recession.
Red line is most current rates while green line is one week ago. Short term rates decreased 15bp while longer term rates were down 25bp for the week. The 10 Year is now at it’s lowest point for the year.
Yield curve inversion increased.
During the first quarter of 2023, there were significant changes in the 10 Year US Treasury Rates. These changes have important implications for firms that have Mark-to-Market assets in their portfolio.
Bill Knudson, Research Analyst LANDCO ARESC