Source: US Dept. of Treasury End of Day
• Yields fell over the week with the 2-year Treasury note falling by seven basis points to 4.20% while the 5-year Treasury note fell by five basis points to 4.28%.
• The final University of Michigan consumer sentiment survey for February came in lower than anticipated with ongoing tariff concerns contributing to the decline while longer-term inflation expectations jumped from 3.2% to 3.5% marking the highest level in three decades.
• The week brings some important economic data with potential to influence future Fed decisions including employment claims data, the second look at Q4 GDP and the Fed favored PCE inflation gauge.
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