1 Mo 5.56   |   2 Mo 5.53   |   3 Mo 5.46   |   4 Mo 5.51   |   6 Mo 5.44   |   1 Yr 5.21   |   2 Yr 4.93   |   3 Yr 4.71   |   5 Yr 4.53   |   7 Yr 4.49   |   10 Yr 4.46   |   20 Yr 4.65   |   30 Years 4.57   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: May 6, 2024

• Yields fell over the week with the two-year Treasury note decreasing by 14 basis points to 4.86% while the five-year note fell by 19 basis points to 4.51%.

• Job growth moderated in April with 175 thousand workers being added to payrolls versus an expected 240 thousand.

• The unemployment rate increased slightly from 3.8% to 3.9% while wage growth moderated from 4.1% to 3.9%.

• The FOMC met last Wednesday where they held the fed funds rate steady at 5.375% and announced plans to begin slowing the pace of balance sheet run off in effort to avoid turbulence in short-term funding markets.

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