Source: US Dept. of Treasury End of Day
• Yields increased over the week with the two-year Treasury note rising by one basis point to 5.00% and the five-year note rising by two basis points to 4.70%.
• GDP grew at a slower rate this quarter at a pace of only 1.6%. The breakdown of GDP revealed that the slowdown was caused by a drop in the most volatile parts of GDP, imports and inventories, while continuing to show strength in domestic sales.
• Personal income rose 0.5% while personal consumption rose 0.7% this month, which resulted in consumers using savings to compensate for higher spending and is reflected in a smaller savings rate of 3.2%.
• The Federal Reserve's interest rate policy meeting will be held Wednesday where the Federal Reserve will provide key updates to the current interest rate. Other notable economic releases for the week include mortgage applications on Wednesday and the latest unemployment rate and nonfarm payroll data on Friday.
