1 Mo 4.75   |   2 Mo 4.74   |   3 Mo 4.61   |   4 Mo 4.53   |   6 Mo 4.42   |   1 Yr 4.28   |   2 Yr 4.21   |   3 Yr 4.18   |   5 Yr 4.22   |   7 Yr 4.30   |   10 Yr 4.37   |   20 Yr 4.68   |   30 Years 4.57   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: October 7, 2024

• Yields surged during the week with the two-year Treasury note rising by 36 basis points to 3.93% while the five-year note increased by 30 basis points to 3.81%.

• The jump in rates came mostly after September’s hot jobs report showed an eye-popping 254 thousand workers were added to payrolls leading market participants to reconsider the Fed’s pace of easing.

• The prior two-months of jobs data were revised higher by a collective 72 thousand adding emphasis to the headline print.

• Average hourly earnings advanced by a healthy 0.4% during the month and 4.0% over the past year, however, hours worked ticked down to 34.2 largely negating the climb in earnings.

• Click the link below to read more.

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