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: November 8th, 2021
• Yields decreased over the week with the two-year Treasury note falling by 10 basis points to 0.40% while the five-year note fell by 13 basis points to 1.06%.
• As expected, the Fed announced details to its plan to begin tapering asset purchases where they will reduce over all purchases at an initial pace of $15 billion per month split between $10 billion in Treasuries and $5 billion in mortgages.
• A strong October jobs report supported Fed sentiment as the economy added 531k compared to economists’ expectations of 450k, the previous two months were also revised upward by a total of 235k.