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: December 6th, 2021

• The yield curve continued to flatten over the week with the two-year Treasury note increasing by ten basis points to yield 0.60% while the five-year note fell by three basis points to 1.14%.

• Equity indexes finished the week lower on virus concerns, elevated inflation readings, and Jerome Powell’s message to the senate banking committee last Tuesday that marked a notably hawkish pivot by the Fed Chair when he advised that it may be time to “retire the phrase transitory” regarding inflation.

• The November jobs report was mixed as the economy added only 210 thousand workers to non-farm payrolls versus an expected 550 thousand, however the unemployment rate fell more than expected to 4.2% while the participation rate increased to 61.8%.

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