1 Mo 5.40   |   2 Mo 5.46   |   3 Mo 5.50   |   4 Mo 5.45   |   6 Mo 5.37   |   1 Yr 5.09   |   2 Yr 4.69   |   3 Yr 4.43   |   5 Yr 4.24   |   7 Yr 4.22   |   10 Yr 4.22   |   20 Yr 4.47   |   30 Years 4.36   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: June 1st, 2021

• Yields fell slightly with the two-year Treasury note falling by one basis point to 0.14% while the five-year note fell three basis points to 0.79%.

• March’s stimulus fueled frenzy was short lived with personal income dropping 13.1% and personal consumption eking out a gain of 0.5% in April as most stimulus has now been either spent or saved.

• Building and industrial commodity prices are beginning to normalize with lumber, copper and steel prices all declining from recent highs.

• Labor shortages are persisting as virus fears, a lack of childcare, and arguably the enhanced unemployment benefits dampen the labor market, about half of all states have now opted out of the federal unemployment assistance program.

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