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 28th 2019

• The two-year Treasury note yield increased five basis points last week to a yield of 1.68%, which was well off the October low of 1.39%. The much-watched 3 month Treasury bill to 10 year Treasury note spread is now positive and indicates a possible pause in this year’s decline in rates.

• The global slowdown that has been a serious drag on U.S. manufacturing activity is continuing apace. The latest reports depict a eurozone that virtually stagnated in the third quarter and remained in the doldrums in early October, with Germany, the region’s powerhouse, mired in an industrial recession.

• While recession fears have risen in recent months, it’s unlikely that this dire scenario will unfold, barring a sudden external shock such as an oil crisis or major geopolitical conflict. Importantly, a key recession buffer is firmly in place, namely a central bank that is highly tuned into the global risks facing the economy.

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