1 Mo 5.49   |   2 Mo 5.50   |   3 Mo 5.46   |   4 Mo 5.44   |   6 Mo 5.40   |   1 Yr 5.17   |   2 Yr 4.89   |   3 Yr 4.78   |   5 Yr 4.64   |   7 Yr 4.66   |   10 Yr 4.65   |   20 Yr 4.88   |   30 Years 4.78   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: February 22nd, 2021

• The ongoing yield curve steepening accelerated over the week as the two-year Treasury note dropped by one basis point to 0.10% while the five-year note increased by nine basis points to 0.58%.

• Retail sales for January came in strongly at 5.3% vs consensus expectations of 1.1%, the highest reading in seven months.

• Though one data point does not present a trend, the outsized reading on retail sales is sure to find its way into policy discussions and will likely be used as an argument to downsize the proposed $1.9 trillion-dollar American Rescue Plan.

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