1 Mo 5.54   |   2 Mo 5.53   |   3 Mo 5.44   |   4 Mo 5.49   |   6 Mo 5.39   |   1 Yr 5.13   |   2 Yr 4.71   |   3 Yr 4.45   |   5 Yr 4.24   |   7 Yr 4.28   |   10 Yr 4.23   |   20 Yr 4.49   |   30 Years 4.31   |  

Market Updates

Weekly Economic Update: March 13, 2023

• Yields finished the week lower with the two-year Treasury note falling by 17 basis points to 4.60% while the five-year note declined by 29 basis points to 3.97%

• The February jobs report gave mixed messages to central bankers hoping to reign in inflation as the economy added a more than expected 311 thousand jobs however, wage growth was soft advancing only 0.2% for the month

• The failure of Silicon Valley Bank highlights the strain being felt by financial institutions who have watched the Fed initiate the steepest and fastest policy tightening campaign in modern history, and though the failure appears to be an isolated event, it will likely keep the Fed dormant until more clarity arises on the effects felt by previous rate hikes

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