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 9, 2023

• Yields fell over the week with the two-year Treasury note falling by 10 basis points to 4.28% while the five-year note also fell by 10 basis points to 3.91%

• The unemployment rate fell to 3.5% with the economy adding 223 thousand jobs versus an expected 205 thousand in December as labor markets remain tight

• The underlying details of the jobs report gave markets and the Fed reprieve as labor force participation jumped by 0.2% to 62.3% while wage pressures eased with average hourly earnings advancing by a less than expected 0.3% in December and 4.6% over the past year

• The Fed still has taming inflation as their priority in focus with multiple committee members delivering hawkish rhetoric after the release of the jobs report as they echoed the intention to hold a restrictive stance for a period of time despite softening wage pressure

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