1 Mo 5.31 | 2 Mo 5.31 | 3 Mo 5.55 | 4 Mo 5.54 | 6 Mo 5.52 | 1 Yr 5.22 | 2 Yr 4.46 | 3 Yr 4.10 | 5 Yr 3.81 | 7 Yr 3.75 | 10 Yr 3.69 | 20 Yr 4.06 | 30 Years 3.90 |
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.