1 Mo 5.50   |   2 Mo 5.51   |   3 Mo 5.45   |   4 Mo 5.43   |   6 Mo 5.31   |   1 Yr 5.00   |   2 Yr 4.64   |   3 Yr 4.44   |   5 Yr 4.26   |   7 Yr 4.28   |   10 Yr 4.27   |   20 Yr 4.53   |   30 Years 4.40   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: December 4, 2023

• Yields declined over the week with the two-year Treasury note falling by 41 basis points to 4.55% while the five-year note decreased by 36 basis points to 4.13%.

• Inflation continues to abate as the personal consumption expenditure went unchanged in October and advanced by 3.0% over the trailing 12 months while the closely Fed followed core PCE advanced by 0.2% and 3.5%, respectively.

• Personal spending advanced by 0.2% in October while September was revised downward from 0.4% to 0.3% as consumers slowed their pace of spending relative to the rapid pace experienced over the third quarter.

• The Fed meets next Wednesday and with a high conviction of leaving rates unchanged, market participants will focus their attention on the latest set of the Fed’s Summary of Economic Projections.

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