Wednesday, May 31, 2023
The yield curve remains inverted with the short-end influenced upwards by the threat of a debt ceiling induced default. The 10-year Treasury is at 3.69, which is up 12 bps from last month. The one-year is at 5.22, which is up 17bps from last month. The 30-year fixed rate mortgage is at 6.70%, which is up 29 basis points from last month.
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