1 Mo 5.53   |   2 Mo 5.50   |   3 Mo 5.45   |   4 Mo 5.43   |   6 Mo 5.30   |   1 Yr 5.01   |   2 Yr 4.64   |   3 Yr 4.43   |   5 Yr 4.26   |   7 Yr 4.28   |   10 Yr 4.25   |   20 Yr 4.51   |   30 Years 4.38   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: February 3rd, 2020

• Treasury yields finished the week significantly lower falling sharply on Friday as concern over the Wuhan coronavirus’ potential to disrupt global supply chains continues to mount. Yield on the two-year note finished the week down 17 basis points while the five-year note ended the week 19 basis points lower.

• The bond rally that took place Friday brought back fears of recession as the ten-year Treasury note once again inverted with the three-month bill.

• The first look at Q4 2019 GDP growth came in Thursday at 2.1% and was driven largely by an 8.7% contraction in imports. The private sector is notably struggling as final sales to private domestic purchasers increased by its slowest pace since 2015 at 1.4%.

• With inflation now habitually falling short of the Fed’s target, markets and economists alike believe the next fed funds move will be a cut rather than a hike and will occur sometime in mid to late 2020.

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