I’m really looking forward to a time of increasing interest rates. Eventually.
I liked this animation of the yield curve [with the sound off]
It’s been a while (I suppose we’ve got more than one thread, too… but oh well)
Here are yesterday’s rates (compared to the beginning of the year)
look at that lovely inversion
The inversion has become a lasting fixture for 2022. Most carriers base their preliminary year-end financials on 9/30 numbers. The difference between now and 12/31 should be very interesting, and make it very difficult for actuaries developing 12/31/2023 memos to guess where 2023 will lead.
4-month T-bill was added to the curve today.
Yes, I saw that when I updated my graph this morning.
They added the column before there was a number to put in there.
So, I’ve sometimes been updating a yield curve first thing in the morning on actuarial.news
Just added the 4-month in:
prior day for comparison:
4-month seems superfluous.
This is the year-end Treasury yield curve. How does the inversion affect cashflow testing?
|Date||1 Mo||2 Mo||3 Mo||4 Mo||6 Mo||1 Yr||2 Yr||3 Yr||5 Yr||7 Yr||10 Yr||20 Yr||30 Yr|
09/30/2022 | 2.79 | 3.20 | 3.33 | N/A | 3.92 | 4.05 | 4.22 | 4.25 | 4.06 | 3.97 | 3.83 | 4.08 | 3.79
Most work was probably done as of 9/30. Here’s the 9/30 curve. Seems less inverted than 12/31/22.