For the past week, 10-Year Treasury rates decreased by 18 bp, resulting in a net change of 19 bp down over the past two weeks.

The red line represents current rates, while the green line shows rates from one week ago. Short-term rates remain unchanged, while longer-term rates have decreased.

For terms exceeding five years, the yield curve now exhibits a positive shape. As the Federal Reserve continues to lower the federal funds rate, short-term rates are expected to decrease, eventually restoring the yield curve to a normal positive slope.

Bill Knudson, Research Analyst LANDCO NEXA