1 Mo 5.56 | 2 Mo 5.61 | 3 Mo 5.56 | 4 Mo 5.61 | 6 Mo 5.53 | 1 Yr 5.46 | 2 Yr 5.04 | 3 Yr 4.83 | 5 Yr 4.62 | 7 Yr 4.63 | 10 Yr 4.59 | 20 Yr 4.90 | 30 Years 4.71 |
Market Updates
Weekly Economic Update: May 23, 2022
• Yields were mixed as the two-year Treasury note increased to 2.61% while the five-year note fell by four basis points to 2.82%.
• The S&P 500 briefly entered bear market territory as equities finished lower for a seventh consecutive week as poor earnings calls, continued hawkish rhetoric from FOMC members, supply chain hiccups and ongoing geopolitical tensions continue to roil markets.
• Retail sales was on par with expectations advancing by 0.9% versus an expected 1.0% however, the real flex in consumer strength came from an upward revision of March’s retail sales by nearly a full percentage point from 0.5% to 1.4%.