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: 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.

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