1 Mo 4.77 | 2 Mo 4.88 | 3 Mo 5.06 | 4 Mo 5.21 | 6 Mo 5.34 | 1 Yr 5.25 | 2 Yr 5.05 | 3 Yr 4.71 | 5 Yr 4.34 | 7 Yr 4.19 | 10 Yr 3.98 | 20 Yr 4.11 | 30 Years 3.88 |
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.