1 Mo 5.40   |   2 Mo 5.46   |   3 Mo 5.50   |   4 Mo 5.45   |   6 Mo 5.37   |   1 Yr 5.09   |   2 Yr 4.69   |   3 Yr 4.43   |   5 Yr 4.24   |   7 Yr 4.22   |   10 Yr 4.22   |   20 Yr 4.47   |   30 Years 4.36   |  

Source: US Dept. of Treasury End of Day

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

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