For the past week, 10 Year Treasury rates were UP 4bp. Net change in 2 weeks decreased 4bp

Red line are current rates while green line is one week ago. For longer terms, rates changes were down
~8bp while 2 year was down 9bp. 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 50bp, 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