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: October 18th, 2021

• Yields increased over the week as the two-year Treasury note climbed by eight basis points to 0.40% while the five-year note increased by twelve basis points to 1.13%.

• Equity markets finished the week higher shrugging off another round of hot inflation readings as the CPI posted a 0.4% increase in September while the core CPI increased by 0.2%.

• Supply constraints continue to keep price levels elevated as bottlenecked ports, trucking and general labor shortages as well as shuttered factories overseas drive the mismatch between supply and demand.

• Consumers have been unfazed as retail sales posted a solid 0.7% increase in September, all the while inflation expectations remain anchored with the University of Michigan’s sentiment survey showing 5-10 year inflation expectations falling from 3.0% to 2.8%

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