1 Mo 5.53   |   2 Mo 5.50   |   3 Mo 5.45   |   4 Mo 5.43   |   6 Mo 5.30   |   1 Yr 5.01   |   2 Yr 4.64   |   3 Yr 4.43   |   5 Yr 4.26   |   7 Yr 4.28   |   10 Yr 4.25   |   20 Yr 4.51   |   30 Years 4.38   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: December 26, 2023

• Yields fell over the week with the two-year Treasury note falling by nine basis points to 4.34% while the five-year note decreased by five basis points to 3.87%.

• The disinflationary trend continued as shown by the core PCE, the Fed’s preferred gauge, which advanced by a tepid 0.1% in November and over the last six months is running at an annual rate of less than 2.0%.

• The consumer bounced back in November following modest spending in October as real consumption advanced by a robust 0.3% and did so with firm footing as real disposable income advanced by a buoyant 0.4%.

• The Fed will not meet again until the end of January but ends the year on a positive note with inflation coming down while consumption and labor markets remain upright setting the stage for the highly coveted, yet elusive soft landing.

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