WEEKLY MARKET UPDATE

Weekly Market Update

June 22, 2020

General market news              

  • Treasury rates were largely range bound last week, as Federal Reserve (Fed) Chairman Jerome Powell’s midweek testimony to Congress did not contain major market-moving news. The 10-year Treasury yield started the week at 0.70 percent, slightly higher than last week’s opening yield of 0.66 percent. The story was the same on the longer end of the curve, with the 30-year opening at 1.44 percent, compared with 1.40 percent the week before.
     

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Weekly Market Update

June 15, 2020

General market news              

  • Rates took a bit of a roller coaster ride last week, as the 10-year Treasury yield spiked to as high as 0.93 percent following the previous week’s sell-off in the bond market. In fact, most of last week’s rates came back down just about as fast as they spiked the week before. The 10-year opened at 0.66 percent on Monday. The 30-year reached a high of 1.75 percent over the same time frame, falling to 1.40 percent as of Monday morning. The 2-year, which reached a recent high of 0.23 percent, opened at 0.18 percent.
     

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Weekly Market Update

June 08, 2020

General market news              

  • After better-than-expected employment numbers were released last week, rates moved significantly higher, with the 10-year Treasury yield as high as 0.96 percent late Friday. The 30-year is trading at 1.69 percent, and the 2-year is at 0.21 percent, as of Monday morning. Although the unemployment rate drop was good news, the sell-off in rates was likely overdone; we should see more volatility in the weeks and months ahead.
     

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Pickler Wealth Advisors   |   901.316.0160   |   1135 Halle Park Circle   |   Collierville, TN   |   38017

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