Source: US Dept. of Treasury End of Day
• Yields moved slightly higher over the week with the two-year Treasury note rising by two basis points to 4.88% while the five-year note increased by one basis point to 4.51%.
• Federal Reserve officials were active in front of media last week taking a slightly hawkish tone as Dallas Fed President Lorie Logan questioned whether policy is adequately restrictive to bring down inflation to 2%.
• Notable economic data releases for the week include April’s PPI print due out on Tuesday which is then followed by April’s CPI and retail sales due out Wednesday.
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