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: May 18th, 2020
• Bond yields decreased slightly last week as the two-year Treasury note fell by one basis point to 0.15% while the five-year note fell by two basis points to 0.31%.
• Retail sales posted the largest monthly contraction on record dropping by 16.4%. Auto sales alone were down 12.4% and the industry’s outlook is grim as car makers face massive stockpiles of inventory coupled with no sales.
• The stage is being set for a sluggish recovery as industrial production plunged 11.2% in April and more and more companies announce cutbacks in investment.