1 Mo 4.87   |   2 Mo 4.77   |   3 Mo 4.67   |   4 Mo 4.57   |   6 Mo 4.44   |   1 Yr 4.28   |   2 Yr 4.15   |   3 Yr 4.14   |   5 Yr 4.14   |   7 Yr 4.20   |   10 Yr 4.29   |   20 Yr 4.60   |   30 Years 4.49   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: July 12th, 2021

• Yields fell over the week with the two-year Treasury note decreasing by two basis points to 0.22% while the five-year note fell by seven basis points to 0.79%.

• The bellwether, ten-year Treasury note decreased significantly, before reversing course and closing out the week at 1.36% as investors price in lower growth and inflation expectations over the long term.

• Consecutive months of weak auto and home sales may dampen second quarter growth as consumers become put off by high prices for these items, however, this self-correcting pricing mechanism further provides evidence that the recent spike in inflation is transitory.

• Further evidence that peak growth is behind us was supported by the recent ISM reading as the non-manufacturing index shows that the larger, service sector lost more momentum in June than expected.

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