1 Mo 5.56   |   2 Mo 5.53   |   3 Mo 5.46   |   4 Mo 5.51   |   6 Mo 5.44   |   1 Yr 5.21   |   2 Yr 4.93   |   3 Yr 4.71   |   5 Yr 4.53   |   7 Yr 4.49   |   10 Yr 4.46   |   20 Yr 4.65   |   30 Years 4.57   |  

Source: US Dept. of Treasury End of Day

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.

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