1 Mo 5.50   |   2 Mo 5.50   |   3 Mo 5.40   |   4 Mo 5.37   |   6 Mo 5.19   |   1 Yr 4.82   |   2 Yr 4.37   |   3 Yr 4.24   |   5 Yr 4.12   |   7 Yr 4.20   |   10 Yr 4.28   |   20 Yr 4.62   |   30 Years 4.54   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: July 17, 2023

• Yields dropped during the week with the two-year Treasury note falling by 21 basis points to 4.75% while the five-year note decreased by 32 basis points to 4.05%.

• Both headline and core CPI advanced by a less than expected 0.2% in June marking the first time in two and a half years that both values simultaneously advanced by 0.2% or less.

• The producer price index reinforced the CPI print as both headline and core PPI advanced by a less than expected 0.1% in June dropping the annual advances to 0.1% and 2.4%, respectively.

• Despite welcoming news on the inflation front Fed members still sound a hawkish tone and have markets pricing in another 25-basis point hike at the upcoming meeting slated for July 25th-26th.

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