1 Mo 5.56 | 2 Mo 5.61 | 3 Mo 5.56 | 4 Mo 5.61 | 6 Mo 5.53 | 1 Yr 5.46 | 2 Yr 5.04 | 3 Yr 4.83 | 5 Yr 4.62 | 7 Yr 4.63 | 10 Yr 4.59 | 20 Yr 4.90 | 30 Years 4.71 |
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.