1 Mo 5.56   |   2 Mo 5.53   |   3 Mo 5.46   |   4 Mo 5.51   |   6 Mo 5.44   |   1 Yr 5.21   |   2 Yr 4.93   |   3 Yr 4.71   |   5 Yr 4.53   |   7 Yr 4.49   |   10 Yr 4.46   |   20 Yr 4.65   |   30 Years 4.57   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: April 8, 2024

• Yields moved higher with the two-year Treasury note rising by thirteen basis points to 4.76% while the five-year note jumped by seventeen basis points to 4.23%.

• The labor market added a more than expected 303 thousand workers to payrolls as the job market continued to pick up strength in March.

• Labor force participation increased to 62.7% with men contributing to most of the gain while the unemployment rate fell to 3.8%.

• Along with the increase in participation, Fed members were likely pleased with March’s advance in average hourly earnings, which increased at an annual pace of 4.1% marking the slowest growth in almost three years.

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