Source: US Dept. of Treasury End of Day
• Yields increased over the week with the two-year Treasury note rising by twelve basis points to 4.96% while the five-year note increased by eight basis points to 4.53%.
• In a quiet week for economic data, markets focused their attention on comments from several Federal Reserve members, all of which maintained a hawkish tone echoing their plan to hold rates higher for longer.
• Notable economic data slated for release this week include a second look at Q1 GDP due out on Thursday then followed by April’s PCE consumption and inflation readings due out on Friday.
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