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: January 18th, 2022

• Yields increased last week with the two-year Treasury note rising by twelve basis points to 0.96% while the five-year note increased by six basis points to 1.56%.

• Consumers pulled back as retail sales disappointed with December sales coming in well below expectations at -1.9% versus an expected -0.1%, what’s more is that the contraction was broad across sectors and surprisingly led by online sales.

• Wage growth remains persistent and strong on a nominal basis as hourly wages have increased 4.7% over the past year, however when factoring in steep inflation prints month over month, real wages have actually contracted -2.4%.

• The Fed is in a tough situation with the Omicron variant keeping a lid on growth, inflation persistently running hot, and 3.5 million workers still on the sidelines with their return becoming increasingly indefinite.

Scroll to Top