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 22, 2022
• Yields were mixed over the week with the two-year Treasury note falling by three basis points to 3.23% while the five-year note increased by eight basis points to 3.07%
• Consumer spending continued in July going unchanged from the previous month, however, when excluding gasoline sales, spending advanced by a robust 0.6%
• The housing market continues to roll over highlighted by a 24% drop in building permits and a near 10% drop in housing starts as builders pull back in anticipation of continued weakening demand
• A big week of economic data is slated for release this week with July’s core PCE, personal spending, a second glance at Q2 GDP and a FOMC symposium in Jackson Hole which could provide hints of the future course of monetary policy