Source: US Dept. of Treasury End of Day
• Interest rates moved lower during the week with the 2-year Treasury note yield falling by 17 basis points to 3.75% while the 5-year Treasury note fell by 13 basis points to 3.84%.
• The Fed favored, personal consumption expenditure inflation gauge, accelerated modestly in May advancing to an annual 2.3% while the core reading advanced to 2.7%.
• Initial unemployment claims fell during the week that ended on June 21 however, continuing claims advanced to their highest level in more than 3 years as job seekers are having an increasingly difficult time landing a position.
• All eyes are on the June jobs report set for release on Thursday where economists are forecasting job creation to decrease to 110 thousand while predicting a rise in the unemployment rate to 4.3%.
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