1 Mo 5.49   |   2 Mo 5.50   |   3 Mo 5.46   |   4 Mo 5.44   |   6 Mo 5.40   |   1 Yr 5.17   |   2 Yr 4.89   |   3 Yr 4.78   |   5 Yr 4.64   |   7 Yr 4.66   |   10 Yr 4.65   |   20 Yr 4.88   |   30 Years 4.78   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: June 5, 2023

• Yields fell over the week with the two-year Treasury note falling by five basis points to 4.51% while the five-year note decreased by eight basis points to 3.85%.

• Nonfarm payrolls advanced by more than expected, adding 339 thousand to payrolls in May as the labor market remains resilient and has yet to loosen meaningfully.

• The unemployment rate, drawn from the household survey, dampened the outsized add to payrolls showcased by the establishment survey as the unemployment rate increased by 0.3% to 3.7%.

• In a welcome sign for the Fed, average hourly earnings moderated, advancing by 0.3% as markets are not pricing in any hikes nor cuts for the remainder of the year.

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