For the past week, 10 Year Treasury rates were DOWN 15bp. Net change in 2 weeks decreased 11bp

Red line are current rates while green line is one week ago. For longer terms, rates changes were down
~15bp while 2 year was down 19bp. For terms 2+ years, the Yield Curve remains positive.

1 month is 54bp above 1 year. Even if the Fed decreased Fed Funds rate by 60bp, the very short-term rates would still be higher than longer term. This assumes NO change in ANY longer-term rates from further Fed reductions..

Bill Knudson, Research Analyst LANDCO NEXA