For the past week, 10-Year Treasury rates decreased by 3bp, bringing the net change over the past two weeks to a 5bp decline. The red line represents current rates, while the green line shows rates from one week ago, indicating very little change.

For terms of 2+ years, the yield curve remains positive. As the Federal Reserve lowers the Fed Funds rate, short-term rates will decrease, gradually restoring the yield curve to its historically normal positive slope. This positive slope is developing through a combination of Fed rate cuts on the short end and market-driven increases in longer-term rates.

Bill Knudson, Research Analyst LANDCO NEXA