1 Mo 5.54 | 2 Mo 5.59 | 3 Mo 5.58 | 4 Mo 5.62 | 6 Mo 5.53 | 1 Yr 5.49 | 2 Yr 5.10 | 3 Yr 4.89 | 5 Yr 4.67 | 7 Yr 4.69 | 10 Yr 4.61 | 20 Yr 4.91 | 30 Years 4.73 |
Market Updates
Weekly Economic Update: April 25th, 2022
• Yields moved higher during the week with the two-year Treasury note rising by 25 basis points to 2.70% while the five-year note increased by 14 basis points to 2.93%.
• Fed Chair Powell reinforced the committee’s hawkish tone last week while speaking at an IMF panel suggesting policy is on course for back-to-back 50 basis point hikes at the upcoming May and June meetings.
• The recent jump in mortgage rates now over 5% have increased the payment on the median priced home by 20% which is sure to crimp an already slowing sector of the economy adding difficulty for the Fed to accomplish a soft landing while tightening policy.