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: 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.