1 Mo 5.40   |   2 Mo 5.46   |   3 Mo 5.50   |   4 Mo 5.45   |   6 Mo 5.37   |   1 Yr 5.09   |   2 Yr 4.69   |   3 Yr 4.43   |   5 Yr 4.24   |   7 Yr 4.22   |   10 Yr 4.22   |   20 Yr 4.47   |   30 Years 4.36   |  

Source: US Dept. of Treasury End of Day

Market Updates

Weekly Economic Update: September 27th, 2021

• Yields pushed higher over the week as the two-year Treasury note increased by six basis points to 0.28% while the five-year note increased by nine basis points to 0.95%.

• Equites exhibited little reaction as Chairman J. Powell signaled to investors last week that the Federal Reserve is preparing to reduce its asset purchases, a formal announcement is expected at the November meeting with an estimated reduction of $15 billion each month.

• Markets have been surprisingly calm as uncertainty builds from a multitude of avenues including the ongoing debt ceiling saga that threatens a government shutdown, a Chinese property giant on the brink of collapse that investors fear could spark financial contagion, and as previously mentioned – a Federal Reserve set to begin reducing the enormous amount of support it has been providing since the onset of the pandemic.

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