1 Mo 5.40   |   2 Mo 5.46   |   3 Mo 5.50   |   4 Mo 5.45   |   6 Mo 5.37   |   1 Yr 5.09   |   2 Yr 4.69   |   3 Yr 4.43   |   5 Yr 4.24   |   7 Yr 4.22   |   10 Yr 4.22   |   20 Yr 4.47   |   30 Years 4.36   |  

Source: US Dept. of Treasury End of Day

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%.

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