1 Mo 5.56 | 2 Mo 5.61 | 3 Mo 5.56 | 4 Mo 5.61 | 6 Mo 5.53 | 1 Yr 5.46 | 2 Yr 5.04 | 3 Yr 4.83 | 5 Yr 4.62 | 7 Yr 4.63 | 10 Yr 4.59 | 20 Yr 4.90 | 30 Years 4.71 |
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.