For the past week, 10-Year Treasury rates increased by 15bp. The net change over the past two weeks is up 7bp.

The red line represents current rates, while the green line shows rates from one week ago. Short-term rates decreased, while long-term rates increased.

For terms of 1+ years, the Yield Curve is now showing a positive shape. As the Fed decreases its Fed Funds rate, short-term rates will decrease, and the yield curve will return to a normal positive slope. If the Fed lowers rates on December 18, we will see a positive yield curve for the first time in years.

Bill Knudson, Research Analyst LANDCO NEXA