1 Mo 5.50   |   2 Mo 5.50   |   3 Mo 5.40   |   4 Mo 5.37   |   6 Mo 5.19   |   1 Yr 4.82   |   2 Yr 4.37   |   3 Yr 4.24   |   5 Yr 4.12   |   7 Yr 4.20   |   10 Yr 4.28   |   20 Yr 4.62   |   30 Years 4.54   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: April 20th, 2020

• Bond yields decreased slightly last week with the two-year Treasury note falling by 2 basis points to 0.20% while the five-year note fell by 6 basis points to yield 0.36%.

• Retail sales and industrial production contracted over the month by 8.7% and 5.4% respectively, both of which register as the steepest monthly decline in more than 70 years.

• With the job market and consumer confidence ailing, the economy is forecasted to contract by levels not seen since the 1930’s

• With the lack of broad-based testing, therapeutic treatments, and a vaccine—reopening the economy is poised to be gradual process likely resulting in a slower, “U-shaped” recovery.

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