1 Mo 5.56 | 2 Mo 5.61 | 3 Mo 5.56 | 4 Mo 5.61 | 6 Mo 5.53 | 1 Yr 5.46 | 2 Yr 5.04 | 3 Yr 4.83 | 5 Yr 4.62 | 7 Yr 4.63 | 10 Yr 4.59 | 20 Yr 4.90 | 30 Years 4.71 |
Market Updates
Weekly Economic Update: July 31, 2023
• Yields moved higher over the week with the two-year Treasury note rising by two basis points to 4.88% while the five-year note increased by seven basis points to 4.17%.
• The advance reading for second quarter GDP growth surprised to the upside advancing by 2.4% compared to an expected 1.6%.
• The underlying details of GDP growth were strong as capital outlays, consumer spending and durable goods all grew at a healthy clip.
• Consumers ramped up their spending in June as real personal spending topped expectations advancing by a robust 0.4% compared to an expected 0.3%.