1 Mo 4.22   |   2 Mo 4.66   |   3 Mo 4.74   |   4 Mo 4.92   |   6 Mo 4.94   |   1 Yr 4.49   |   2 Yr 4.14   |   3 Yr 3.99   |   5 Yr 3.72   |   7 Yr 3.67   |   10 Yr 3.56   |   20 Yr 3.87   |   30 Years 3.71   |  

Market Updates

Weekly Economic Update: June 21st, 2021

• Yields increased during the week with the two-year Treasury note rising eight basis points to 0.25% while the five-year note increased by thirteen basis points to 0.87%.

• The Federal Reserve met last week and for the first time since the pandemic began, signaled a slight shift in policy stance, moving up their expected rate hike into 2023.

• Market reactions were heard as equities tumbled while in fixed income markets the yield curve flattened considerably as front-end yields notched higher.

• Short-term inflation expectations are justifiably elevated but long-term expectations remain anchored as the market perceives that disinflationary forces will prevail once supply disruptions and labor constraints ease.

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