For the past week, 10-Year Treasury rates fell 32bp. Over the past two weeks, the net change reflects a total decrease of 18bp.

The red line represents current rates, while the green line shows rates from one week ago. Longer-term rates moved higher this past week.

For terms of 2 years and beyond, the yield curve remains positive. However, the positive-sloped yield curve that had been forming over the past few months is beginning to give way to a negative slope in the medium-term range.

Bill Knudson, Research Analyst LANDCO NEXA