1 Mo 5.31 | 2 Mo 5.31 | 3 Mo 5.55 | 4 Mo 5.54 | 6 Mo 5.52 | 1 Yr 5.22 | 2 Yr 4.46 | 3 Yr 4.10 | 5 Yr 3.81 | 7 Yr 3.75 | 10 Yr 3.69 | 20 Yr 4.06 | 30 Years 3.90 |
Market Updates
Weekly Economic Update: June 1st, 2020
• Bond yields finished the week slightly lower as the two-year Treasury note dropped by one basis points to 0. 16% while the five-year note fell by three basis points finishing the week at 0.31%.
• The economy is showing signs of life as hotel bookings fill up, restaurants begin to serve customers and other nonessential businesses reopen.
• Consumer spending plunged 13.6% in April—another dismal record, however, it is worth noting that the plunge was largely influenced by government mandated store closures and was not entirely due to the voluntary decisions of consumers.
• Government stimulus will continue to keep households above water, but a recovery will not be able to gain traction until an effective vaccine or treatment is developed and made readily available.