For the past week, 10 Year Treasury rates up 6bp. Past 2 weeks up 30bp. Very few days had decreases.

Red line are current rates while green line is one week ago. For longer terms, UP 6 to 14bp. Note 30 year up 14bp big hit to values. Short term rates down 7bp. Yield Curve more steep. The 10 year 5.0% ceiling is gone. This outcome is opposite of the US Treasury’s goal to lower longer term rates.

Bill Knudson, Research Analyst LANDCO NEXA