Rates remain near unchanged in a quiet trading week on Wall Street. The continued low levels of inflation, along with a flattening yield curve, make us wonder about the true state of the U.S. economy. A flattening yield is usually a precursor for a slowing economy. Speaking of flat, the S&P is flat for the week, oil is unchanged, and the 10-year yield is at 2.16%, also hovering near unchanged week-over-week.

Technically, the 10-year Treasury is trading just above resistance, as it has been for the past few weeks, which is why we remain biased toward floating interest rates for now.