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 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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