1 Mo 5.40   |   2 Mo 5.46   |   3 Mo 5.50   |   4 Mo 5.45   |   6 Mo 5.37   |   1 Yr 5.09   |   2 Yr 4.69   |   3 Yr 4.43   |   5 Yr 4.24   |   7 Yr 4.22   |   10 Yr 4.22   |   20 Yr 4.47   |   30 Years 4.36   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: April 11th, 2022

• The yield curve steepened over the week with the two-year Treasury note advancing by only one basis point to 2.47% while the five-year note increased by twelve basis points to 2.69%.

• Hawkish comments from Fed Presidents Lael Brainard and James Bullard as well as the release of the FOMC minutes sparked a steepening in the yield curve as the yield on ten-year Treasury notes surged by more than 30 basis points eclipsing a three year high of 2.70%.

• The minutes released by the FOMC revealed not only a committee that is finding consensus support for increasingly hawkish policy, but also noted a significant increase in the pace of its balance sheet reduction which the Fed plans to reduce its $4.5 trillion in assets by $1.1 trillion over the next year.

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