1 Mo 5.56 | 2 Mo 5.61 | 3 Mo 5.56 | 4 Mo 5.61 | 6 Mo 5.53 | 1 Yr 5.46 | 2 Yr 5.04 | 3 Yr 4.83 | 5 Yr 4.62 | 7 Yr 4.63 | 10 Yr 4.59 | 20 Yr 4.90 | 30 Years 4.71 |
Market Updates
Weekly Economic Update: August 14, 2023
• Yields increased over the week with the two-year Treasury note rising by 11 basis points to 4.89% while the five-year note increased by 16 basis points to 4.30%.
• Headline CPI advanced by a modest 0.2% for July and 3.2% over the past 12 months as inflation continues to abate at a rapid pace.
• Core CPI advanced by 0.2% in July and fell to 4.7% over the past year as the disinflationary trend continued giving the Fed comfort that they can at least for now, hold off on further rate hikes.
• The FOMC will undoubtedly remain cautious and proceed in a data dependent manner as wholesale inflation dampened the disinflationary momentum felt from July’s CPI a day after the release with PPI accelerating by a more than expected 0.3%.