1 Mo 5.31 | 2 Mo 5.31 | 3 Mo 5.55 | 4 Mo 5.54 | 6 Mo 5.52 | 1 Yr 5.22 | 2 Yr 4.46 | 3 Yr 4.10 | 5 Yr 3.81 | 7 Yr 3.75 | 10 Yr 3.69 | 20 Yr 4.06 | 30 Years 3.90 |
Market Updates
Weekly Economic Update: April 3, 2023
• Yields ended the week higher with the two-year Treasury note rising by 25 basis points to 4.03% while the five-year note increased by 17 basis points to 3.58%
• Personal consumption advanced by 0.3% in February as the consumer continues to open their wallets, however, the entire advance and more was compromised by higher prices as real consumption retreated by 0.1%
• The personal consumption deflator moderated slightly in February advancing by 0.3% which marks progress, however the rate of change in price levels is still far too fast for the Fed to draw any comfort
• The disinflationary path continues to be bumpy as the Fed’s “super core” inflation reading, which isolates sticky service industry prices primarily driven by wages, advanced in February by a robust 4.6% over the trailing year, up from 4.2% in January