1 Mo 5.49   |   2 Mo 5.50   |   3 Mo 5.46   |   4 Mo 5.44   |   6 Mo 5.40   |   1 Yr 5.17   |   2 Yr 4.89   |   3 Yr 4.78   |   5 Yr 4.64   |   7 Yr 4.66   |   10 Yr 4.65   |   20 Yr 4.88   |   30 Years 4.78   |  

Source: US Dept. of Treasury End of Day

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%.

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