1 Mo 4.35   |   2 Mo 4.50   |   3 Mo 4.42   |   4 Mo 4.41   |   6 Mo 4.34   |   1 Yr 4.07   |   2 Yr 3.88   |   3 Yr 3.84   |   5 Yr 3.94   |   7 Yr 4.12   |   10 Yr 4.35   |   20 Yr 4.87   |   30 Years 4.86   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: June 28th, 2021

• Yields pushed higher during the week with the two-year Treasury note rising by three basis points to 0.28% while the five-year note increased by six basis points to 0.93%.

• Renewed hope for a bipartisan infrastructure deal in the amount of $1.2 trillion gained momentum helping equities rebound over the week.

• PCE and Core PCE for May came in at 0.5% and 0.6% respectively which was in line with expectations and the market response was largely muted.

• 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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