Market Updates

• Interest rates rose during the week with the 2-year Treasury note yield rising by seven basis points to 3.77% while the 5-year Treasury note increased by eight basis points to 3.84%.

• Continuing unemployment claims rose to their highest level in more than three and a half years as job seekers are facing difficulties landing new positions.

• The week brings fresh economic data with July CPI due out on Tuesday, PPI and unemployment claims on Thursday and July retail sales on Friday.

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