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: February 27, 2023

• Yields pushed higher over the week with the two-year Treasury note rising by 17 basis points to 4.80% while the five-year note increased by 18 basis points to 4.21%

• The upbeat economic data continued as personal consumption beat expectations in January advancing by a robust 1.8% as the consumer continues to draw support from a resilient and sturdy labor market

• Core PCE advanced by a faster than expected 0.6% in January and by 5.4% over the trailing year as inflationary pressures have resurfaced, supported by stickier prices for services as well as the continuation of elevated housing costs

• Federal Reserve members kept up ongoing hawkish rhetoric in front of media outlets and in last week’s FOMC minutes as two, non-voting members called for the consideration of larger, 50 basis point rate hikes to combat inflation

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