1 Mo 4.37   |   2 Mo 4.34   |   3 Mo 4.37   |   4 Mo 4.42   |   6 Mo 4.30   |   1 Yr 4.13   |   2 Yr 3.98   |   3 Yr 3.95   |   5 Yr 4.06   |   7 Yr 4.24   |   10 Yr 4.43   |   20 Yr 4.92   |   30 Years 4.89   |  

Source: US Dept. of Treasury End of Day

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%.

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