1 Mo 5.49   |   2 Mo 5.50   |   3 Mo 5.46   |   4 Mo 5.44   |   6 Mo 5.40   |   1 Yr 5.17   |   2 Yr 4.89   |   3 Yr 4.78   |   5 Yr 4.64   |   7 Yr 4.66   |   10 Yr 4.65   |   20 Yr 4.88   |   30 Years 4.78   |  

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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