1 Mo 4.43   |   2 Mo 4.42   |   3 Mo 4.34   |   4 Mo 4.35   |   6 Mo 4.29   |   1 Yr 4.27   |   2 Yr 4.30   |   3 Yr 4.32   |   5 Yr 4.37   |   7 Yr 4.45   |   10 Yr 4.52   |   20 Yr 4.79   |   30 Years 4.72   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: September 18, 2023

• Yields increased over the week with the two-year Treasury note rising by seven basis points to 5.04% while the five-year note increased by five basis points to 4.46%.

• Headline CPI advanced by a robust 0.6% in August as energy costs, particularly gasoline, surged, accounting for more than half of the fastest monthly increase in over a year.

• Core CPI advanced by 0.3% in August up from 0.2% in July while core service prices, which are closely monitored by the Fed, accelerated by 0.5%.

• The FOMC meets tomorrow and Wednesday where no change is expected in the Fed funds rate leaving market participants focused on a fresh summary of economic projections.

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