November 2019 - Chart of the Month

Although the 2-Year (1.64%) and the 10-Year (1.85%), as of October 28, 2019, are no longer inverted, decreases in the benchmark rate have not brought the yield curve back to its normal upward sloping shape. As our November 2019 Market Commentary will expand on, stresses in the credit markets are building. The Fed has intervened and its support is suggesting the pressures might be more than temporary.