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 27, 2023

• Yields ended the week lower with the two-year Treasury note falling by five basis points to 3.78% while the five-year note fell by ten basis points to 3.41%

• The Federal Reserve followed through with a widely expected 25 basis point hike in the Fed funds rate to an upper bound of 5% and also released a new Summary of Economic Projections forecasting lower economic growth and a higher Fed funds rate next year

• In his post meeting press conference, Fed Chair Powell reassured the public that the financial system remains stable, however, he noted that the FOMC remains “strongly committed” to achieving their price stability goal of 2%

• Capital spending as measured by orders for nondefense capital goods less aircraft advanced by 0.2% in February following an upwardly revised 0.3% in January but with credit conditions continuing to tighten, spending on capital goods should begin to slow in months ahead

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