We have just passed the mid-year mark for 2023. Compared to year-end 2022, the 30-year Treasury is yielding one basis point higher, while the 10-year is up nine basis points, and the 1- year is up 71 basis points. The Treasury yield curve is inverted (short-term yields are higher than long-term yields) by 162 basis points, as compared with year-end 2022 when the degree of inversion was 89 basis points.n changes since year-end 2021 and how those changes very likely impacted U.S. insurance company investments and investment practices.