Source: US Dept. of Treasury End of Day
• Yields fell over the week with the two-year Treasury note decreasing by 12 basis points to 4.40% while the five-year note fell by 9 basis points to 4.08%.
• Real GDP growth beat expectations in Q2 advancing by 2.8% in the first estimate and was driven by consumption which contributed a healthy 1.6% to the reading.
• The Fed meets on Wednesday where it is expected they will hold the Fed funds rate in a range of 5.25% - 5.50% however, markets are fully primed for a rate cut in September and will look for Chairman Powell and the FOMC to begin shifting their focus from restoring price stability to supporting the economy.
• Click the link below to read the full article.
