1 Mo 5.31 | 2 Mo 5.31 | 3 Mo 5.55 | 4 Mo 5.54 | 6 Mo 5.52 | 1 Yr 5.22 | 2 Yr 4.46 | 3 Yr 4.10 | 5 Yr 3.81 | 7 Yr 3.75 | 10 Yr 3.69 | 20 Yr 4.06 | 30 Years 3.90 |
Market Updates
Weekly Economic Update: August 31st, 2020
• Treasury yields exhibited little movement over the week as the two-year Treasury note decreased by one basis point to 0.16% while the five-year note remained constant at 0.26%.
• The Federal Reserve laid out its new framework for monetary policy putting emphasis on combating unemployment and allowing inflation to run above the 2% goal for some time before raising rates.
• With no continued fiscal stimulus coming out of Washington and lawmakers struggling to come to terms, consumer confidence fell to its lowest level in six years.