WEEKLY MARKET UPDATE

Summary

General market news              

  • The holiday-shortened week saw a modest pickup in yields. The 10-year Treasury yield opened at 0.82 percent and closed just shy of 0.88 percent on Wednesday. This morning, the 10-year yield opened at 0.85 percent, up 3 basis points (bps) from last week’s open. The 30-year yield opened just shy of 1.52 percent last week, and it opened at 1.58 percent this morning—a pickup of 6 bps. Finally, on the shorter end of the curve, the 2-year opened at 0.16 percent last week, dropping 1 bp to 0.15 percent this morning.

Summary

General market news              

  • With coronavirus cases on the rise, investors moved into Treasuries last week, causing a drop in yields. This drop came after yields had picked up on news of positive vaccine trials. The 10-year Treasury yield opened last Monday at 0.91 percent but closed the week at 0.83 percent, giving up 8 basis points (bps). The 30-year yield opened at 1.65 percent and closed at 1.53 percent, giving up 12 bps. The 2-year yield opened at 0.19 percent and closed at 0.16 percent. The move into Treasuries seemed to be part of a risk-off trade as states are forced to implement more stringent measures to control the spread of the coronavirus.

Summary

General market news              

  • Last week saw a major pickup in Treasury yields following the news of the Pfizer and BioNTech vaccine results. The 10-year Treasury yield opened at 0.83 percent and closed just shy of 0.89 percent, hitting an intra-week high of 0.97 percent on Tuesday. The 1 percent mark remains an important level to watch, particularly with additional discussion of stimulus. The 30-year opened at 1.67 percent, gaining 3 basis points on the week, while the 2-year opened at 0.18 percent.

Summary

General market news              

  • Last week saw a drop in yields as a result of uncertainty regarding the election and the pandemic. The 10-year Treasury yield opened at 0.86 percent and hit an intra-week low just shy of 0.75 percent on Wednesday before closing at 0.82 percent. The 10-year lost nearly 4 basis points (bps) on the week. The 30-year yield opened at 1.64 percent while the 2-year opened at 0.15 percent. The 30-year came down by 4 bps.

Summary

General market news              

  • Last week, the pickup in Treasury yields continued, despite a drop in equities. The 10-year Treasury yield opened at 0.84 percent and hit an intra-week high just shy of 0.87 percent on Friday before closing at 0.86 percent. The 10-year gained almost 2 basis points on the week. The 30-year opened at 1.64 percent and stayed mostly flat, and the 2-year opened at 0.16 percent. The pickup in yields is surprising, as investors moved out of short- and intermediate-term Treasuries in the second half of the week. This move may be supported by additional expected near-term stimulus.

Summary

General market news              

  • Treasury yields steepened again last week. The 10-year opened at 0.75 percent and reached an intraday high of 0.87 percent on Friday before closing at 0.84 percent. It gave back 3 basis points (bps) this morning, opening at 0.81 percent. (The 30-year opened at 1.61 percent and the 2-year opened at 0.15 percent.) The 30-year gained 11 bps last week as the potential of stimulus packages near the election continued to be discussed.

Summary

General market news              

  • Treasury yields experienced heightened volatility during the shortened holiday week. The 10-year opened at 0.76 percent, dropped to as low as 0.68 percent by Wednesday, and spiked right back up to 0.76 percent this Monday morning. (The 30-year opened at 1.56 percent and the 2-year at 0.14 percent.) Many factors are affecting yield markets, including supply, governmental spending, the upcoming election, and a possible stimulus package. Other factors are in play, too, including the economy, the Federal Reserve (Fed), and COVID-19 and its related repercussions.

Summary

General market news              

  • There was a pickup in yields last week in the wake of stimulus talks. The 10-year Treasury yield stood at 0.70 percent 10 days ago before spiking to 0.81 percent on Wednesday and dipping to 0.79 percent on Friday. (The 30-year Treasury yield rose 10 basis points last week.) The spike on Wednesday was supported by Federal Reserve (Fed) Chairman Jerome Powell, who said the economy has a “long way to go” and there is “low risk of overdoing it.” The 10-year’s minor tick down came as President Trump closed the gap on a potential stimulus deal with Congress.

Summary

General market news              

  • After a few weeks of almost no movement, there was heightened volatility in the rates market last week. The 10-year Treasury yield swung from 0.63 percent to 0.72 percent and then back to 0.65 percent, opening at 0.72 percent Monday. With the ambiguity behind President Trump’s health since he contracted the coronavirus and the election less than 30 days away, there has been a lot of uncertainty in the markets. Given the way rates have been trading, we may see some additional stimulus from the federal government.

Summary

General market news              

  • Rates were relatively flat last week, with the 10-year Treasury yield staying between 0.65 percent and 0.70 percent and opening on the lower part of that range on Monday morning. The 2-year opened at 0.15 percent Monday but dropped to 0.13 percent in early trading. The 30-year traded between 1.40 percent and 1.45 percent all week, opening at 1.39 percent Monday. The steepest part of the curve remains from the 10-year to the 20-year, where investors can capture more than 50 basis points of yield.

Summary

General market news              

  • The 10-year Treasury yield opened Monday at 0.66 percent, where it closed last week. This rate also happens to be the average rate for the 10-year yield since early April, when rates first dropped from nearly 2 percent. The 2-year yield opened at 0.13 percent, slightly more than its historical low of 0.10 percent but less than its average since April of 0.17 percent. The 30-year yield opened at 1.41 percent, much more than its historic low of 0.99 percent in March and more than its average since that time of 1.36 percent. The Federal Reserve (Fed) meets this week to discuss policy. Fed futures now point to no rate hikes until sometime in 2024.

Summary

General market news              

  • There was heightened volatility in the rates market last week—the 10-year Treasury yield swung from 0.75 percent to 0.60 percent and then back to 0.72 percent, opening at 0.68 percent Monday. The steepest part of the curve is currently the 10- to 20-year yield, where rates jumped from 0.68 percent to 1.20 percent. The 30-year yield opened at 1.41 percent, and the 2-year yield opened at 0.13 percent. The Federal Reserve (Fed) has made it clear it is willing to provide support with as much liquidity as needed. It meets again next week to discuss policy, which will be the second-to-last scheduled meeting of the year.

Summary

General market news              

  • The 10-year Treasury yield reached 0.78 percent late last week, rebounding from a low of 0.62 percent only a few days earlier. It opened at 0.73 percent on Monday morning. The 30-year jumped from 1.32 percent to 1.57 percent, opening Monday at 1.52 percent. On the short end of the curve, rates started the week higher but moved to their lowest levels in three weeks, with the 2-year opening Monday morning at 0.13 percent. Primary factors affecting rates are supply, Federal Reserve (Fed) involvement, and the coronavirus pandemic.

Summary

General market news              

  • Rates retreated a bit last week after increasing notably the previous week. The long end of the curve saw the largest declines, with the 10-year Treasury yield falling from 0.69 percent at the start of the week to 0.64 percent, while the 30-year dropped from 1.43 percent to 1.35 percent.

Summary

General market news              

  • Last week’s heavy supply certainly affected the long end of the curve, as the 10-year Treasury yield moved from a historical low of 0.50 percent to 0.72 percent. (It opened at 0.69 percent on Monday.) The 30-year, which was at 1.18 percent last week, spiked and opened at 1.43 percent on Monday. The 30-year seems to have created a floor around 1.20 percent over the past five months, as it has not approached the historical low of 0.997 percent it set in March 2020. The 2-year, which opened the month at a steady 0.11 percent, backed up to 0.16 percent last week and opened at 0.14 percent on Monday.

Summary

General market news              

  • The 10-year Treasury yield reached another record low last Thursday of 0.50 percent before slowly increasing to 0.55 percent, where it opened Monday morning. The 2-year also reached a new low last week of 0.11 percent before opening on Monday at 0.12 percent. The 30-year remains well above its historic low yield, trading at 1.22 percent on Monday, and the 20-year is trading at 0.95 percent, slightly above its historical low. The large amount of new 10-year and 30-year supply this week could move rates higher.

Summary

General market news              

  • Treasury rates reached historical lows last week as the 10-year yield slid to 0.51 percent. The 30-year touched 1.20 percent, its lowest level since April, and the 2-year reached its new low of 0.10 percent on Monday. Poor gross domestic product (GDP) numbers from last week, combined with Federal Reserve (Fed) commentary on providing more support and the continued battle with COVID-19, had a hand in pushing rates (especially shorter-term rates) to new lows.

Summary

General market news              

  • The 10-year Treasury yield fell to 0.55 percent last week, slightly above the historical low of 0.54 percent reached on March 9. It opened at 0.57 percent on Monday. The 2-year yield opened at 0.14 percent, and the 30-year yield opened at 1.21 percent. With short-term rates at or near all-time lows, a slowing economy, and continued coronavirus concerns, there will likely be new lows in Treasuries and mortgages in the days and weeks to come.

Summary

General market news              

  • Rates continued to move lower last week, with the 10-year Treasury yield falling from a high of 0.66 percent on Monday to 0.63 percent on Friday. Long-term yields moved in unison, with the 30-year yield falling from a peak of 1.36 percent on Monday to 1.33 percent on Friday.

Summary

General market news              

  • Rates moved lower last week, reaching their lowest point since March, with the 10-year Treasury yield closing at 0.56 percent Friday and opening at 0.62 percent on Monday. The 30-year opened at 1.34 percent on Monday, having closed at 1.24 percent on Friday. The 2-year also reached its lowest level since the spring; it closed at 0.13 percent on Friday and opened at 0.15 percent this Monday morning. Mortgage rates are also at historical lows.

Summary

General market news              

  • The 10-year Treasury yield opened at 0.68 percent on Monday, while the 30-year opened at 1.44 percent and the 2-year at 0.15 percent. The 10-year and shorter part of the yield curve remain lower as uncertainty and near-term concerns about the economy linger. Meanwhile, the 10- to 20-year portion of the curve has become steeper, as there has been an influx of new supply.

Summary

General market news              

  • The 10-year Treasury yield dropped to 0.64 percent last Friday, its lowest point since mid-May, and opened at that level early Monday. The 30-year opened at 1.37 percent and the 2-year at 0.16 percent. Uncertainty with the direction of the economy and the coronavirus pandemic is making some investors cautious. On Wednesday, we’ll receive the minutes from the Federal Reserve’s (Fed’s) June 10th meeting (more on that below).

Summary

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.

Summary

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.

Summary

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.

Market Update for the Month Ending May 31, 2020

Markets continue to recover in May         

  • May saw equity markets around the world rise for the second month in a row, as efforts to reopen economies began taking hold. The Dow Jones Industrial Average (DJIA) rose by 4.66 percent, and the S&P 500 gained 4.76 percent. The Nasdaq Composite led the way with a 6.89 percent gain.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.66 percent on Monday, while the 2-year came in at 0.17 percent and the 30-year at 1.43 percent. We are set to get some May economic numbers this week, which should give us a clearer view on where we stand as an economy. The Federal Reserve meets next week, and, while it has done a lot and has essentially asked Congress to step in, it should be interesting to see what members have to say when faced with hard May economic numbers.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.65 percent on Monday morning before bouncing up to 0.70 percent. The 10-year traded between 0.59 percent and 0.75 percent last week. The 30-year opened at 1.42 percent, and the 2-year opened at 0.18 percent—both higher than where they ended last week. There are some whispers of the Federal Reserve stepping up its bond buying activity to help keep rates lower.
     

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Weekly Market Update

General market news              

  • On Tuesday, May 12, the Treasury issued new 10-year debt, which led yields to drop from 0.70 percent to 0.58 percent before bouncing back to current levels on Friday. The 10-year Treasury yield opened at 0.64 percent on Monday. The 2-year yield opened at 0.14 percent, and the 30-year yield opened at 1.34 percent. The U.S. Treasury is issuing a lot of new debt to help fight the economic effects of COVID 19, but yields remain at or close to historical lows.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield spiked to 0.74 percent last week before dropping to 0.60 percent on Friday and opening at 0.68 percent on Monday. The 2-year yield opened at 0.15 percent, while the 30-year yield opened at 1.40 percent. April’s Consumer Price Index (CPI), Producer Price Index (PPI), and retail sales will be released this week, giving us a better understanding of the pandemic’s effects on the economy and likely spurring some additional volatility.
     

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Market Update for the Month Ending April 30, 2020

Markets rebound in April           

  • Equity markets saw a swift recovery in April, as progress toward slowing the spread of the coronavirus gave hope to investors. The S&P 500 rose by 12.82 percent, marking the best monthly gain since 1987. The Dow Jones Industrial Average (DJIA) gained 11.22 percent for the month, while the Nasdaq Composite, with its heavy technology weighting, led the way with a 15.49 percent gain.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.59 percent on Monday, which is where it has been for the better part of the past three weeks. The 30-year yield opened at 1.23 percent, and the 2-year yield opened at 0.18 percent. With the start of the new month, we will receive numbers from April, which will give us a better idea of the effects of the quarantine. Interest rate markets have priced in some of the predictions but seem to be waiting for more economic data.
     

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Weekly Market Update

General market news              

  • The rates market experienced some volatility last week, but it ended the week only slightly below where it started. The 10-year Treasury yield dropped from 0.65 percent to 0.53 percent last week and opened at 0.62 percent on Monday. The 30-year was as high as 1.41 percent about 10 days ago and now stands at 1.19 percent, while the 2-year has stayed quite steady over the past 10 days and opened at 0.22 percent. The Federal Reserve (Fed) is set to meet this week.
     

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Weekly Market Update

General market news              

  • Rates moved lower last week, with the 10-year Treasury yield reaching 0.58 percent and opening slightly higher on Monday at 0.63 percent. The 30-year opened at 1.25 percent, and the 2-year opened at 0.19 percent. Rates are reacting to the COVID-19 pandemic and have started paying attention to the economic impact it will have this year and into 2021. The Federal Reserve is set to meet next Wednesday, April 29.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.72 percent on Monday, where it spent most of last week. It fell as low as 0.56 percent the week before and rose as high as 1.27 percent in mid-March. It seems to have settled within a small range now, though, waiting out more news. The 2-year opened at 0.221 percent, and the 30-year opened at 1.344 percent. The market seems to be holding out to see what the broader economic impact of COVID-19 will be for the U.S. and the rest of the world, something we should have more information on in the weeks to come. The Federal Reserve (Fed) meets later this month and may provide more clarity.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.61 percent on Monday. The 2-year opened at 0.25 percent, and the 30-year remained elevated, opening at 1.25 percent. The anticipation of the U.S. Treasury issuing a record amount of 30-year debt to pay for the $2 trillion stimulus package is keeping long rates higher. COVID-19’s long-term effect on American lives and the U.S. economy is still yet to be fully understood. We expect to see continued volatility in the weeks to come.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield opened at 0.61 percent Monday morning. The 2-year yield opened at 0.26 percent, while the 30-year yield remained at elevated levels, opening at 1.25 percent. The anticipation of the U.S Treasury issuing a record amount of 30-year debt to pay for the $2 trillion stimulus package is keeping the long rate higher. The effects of the coronavirus on American lives and the economy are still somewhat unknown, but more volatility is expected in the coming weeks.
     

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Weekly Market Update

General market news              

  • The world is battling COVID-19, and we don’t yet know the negative effects it will have on society and the economy. We should expect to see high levels of volatility until we as a nation have a better grasp on the times. Two weeks ago, the 10-year Treasury yield was at a historical low of 0.31 percent. It spiked to 1.27 percent last week but opened at 0.80 percent Monday morning. To try to offset some of the damage, the Federal Reserve cut rates, and Congress is discussing an unprecedented stimulus package to influence the markets going forward.
     

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Weekly Market Update

General market news              

  • Yields continued to show volatility throughout last week. The 10-year Treasury yield rose from a Monday low of 0.34 percent to as high as 0.98 percent on Friday. A surprise rate cut from the Federal Reserve (Fed) on Sunday, along with additional quantitative easing plans (more below) spooked investors, leading the 10-year Treasury back down to 0.77 percent at Monday's open.
     

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Weekly Market Update

General market news              

  • Last week marked a historical event in the U.S. treasury market, as the entire yield curve moved significantly lower. The 10-year Treasury yield now stands at 0.41 percent, but it was as low as 0.31 percent late last week—and it stood at 1.60 percent three weeks ago. The 30-year yield is now at 0.85 percent, and the 2-year yield stands at 0.25 percent. The Federal Reserve (Fed) cut rates in an intra-meeting move and will likely drop rates again when it meets on March 18.
     

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Weekly Market Update

General market news              

  • Global concerns about the spread of the coronavirus pushed yields to historical lows late last week, with the 10-year Treasury yield sinking as low as 1.02 percent on Monday. The 30-year stands at 1.63 percent, which is where the 10-year stood less than two weeks ago. The 2-year opened at 0.72 percent. Currently, there are 19 developed countries with yields lower than the U.S.—Switzerland has one of the world’s lowest yields, with its 10-year yielding –0.915 percent. The Federal Open Market Committee is likely to look for a cut in rates at its next meeting on March 18.
     

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Weekly Market Update

General market news              

  • Rates continued to fall last week, as concerns about the spread of the coronavirus rattled global markets. The 10-year Treasury yield opened at 1.38 percent, nearing lows last seen in 2016. The 30-year fell to 1.83 percent, which is its all-time low.
     

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Weekly Market Update

General market news              

  • Rates fell slightly last week, as concerns regarding the spread of the coronavirus continued to rattle investors. The 10-year Treasury yield fell to 1.54 percent to start the week, and the 30-year fell to 1.99 percent.
     

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Weekly Market Update

General market news              

  • Global health concerns have led to heightened uncertainty in the economy and markets over the past couple of weeks. The 10-year Treasury yield has bounced around from 1.90 percent, to 1.50 percent, to 1.70 percent, and now back to 1.56 percent as of Monday morning. The 30-year yield is back at more than 2 percent, and the short end of the curve remains slightly inverted, with the 2-year yield at 1.38 percent and the 3-year yield at 1.36 percent.
     

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Weekly Market Update

General market news              

  • Rates continued their downward trend last week, with the 10-year Treasury closing at 1.50 percent on Friday. It opened slightly higher at 1.53 percent on Monday. Three weeks ago, it was as high as 1.90 percent. The 30-year yield broke the 2 percent resistance level, hitting 1.99 percent, after being as high as 2.38 percent last month. The short end of the curve remains inverted, with the 2-year at 1.34 percent and the 3-year at 1.32 percent.
     

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Weekly Market Update

General market news              

  • On Monday, the 10-year Treasury opened at 1.60 percent, down from last week’s 1.82 percent. The 30-year yield opened at 2.08 percent, dropping from 2.30 percent. The short end of the curve is inverted again, with the 2-year yield at 1.45 percent and the 3-year yield at 1.42 percent.
     

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Weekly Market Update

General market news              

  • On Tuesday, the 10-year Treasury opened at 1.78 percent, lower than where it closed on Friday. The 30-year and 2-year yields also opened lower, at 2.24 percent and 1.54 percent, respectively. Treasury yields continued their downward trend, which has been ongoing since before the December holidays. With continued global economic slowing, uncertain geopolitical headlines, and intensifying domestic election coverage, yields could continue their downward trend in the short run.
     

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Weekly Market Update

General market news              

  • The bond markets experienced more volatility last week. The 10-year Treasury yield was as low as 1.70 percent and as high as 1.90 percent as a result of news from Iran. It opened at 1.83 percent on Monday. The 30-year bounced between 2.19 percent and 2.38 percent before opening at 2.29 percent. The 2-year, which is usually more stable given its shorter duration, swung between 1.44 percent and 1.61 percent.
     

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Weekly Market Update

General market news              

  • Last week, the 10-year Treasury yield closed at 1.95 percent after the New Year holiday. On Monday, it opened at 1.75 percent on concerns of global tensions with the U.S. and Iran. The 30-year moved from 2.41 percent to 2.21 percent, and the 2-year moved from 1.60 percent to 1.50 percent. The bond market seems to be waiting for more economic data and commentary from the Federal Open Market Committee to choose a general direction, but short-term uncertainty will add pressure on rates to move lower.
     

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Weekly Market Update

General market news              

  • Treasury yields retreated from recent highs last week. The 10-year Treasury yield fell from 1.92 percent at the beginning of the week to 1.88 percent at week-end. The 30-year also declined, from 2.35 percent to 2.32 percent.
     

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Weekly Market Update

General market news              

  • Last week, long-term Treasury yields spiked to their highest levels in more than a month. On Thursday, the 10-year Treasury yield hit a high of 1.95 percent before ending the week at 1.92 percent. The 30-year hit a high of 2.37 percent before retreating to 2.34 percent at week’s end.
     

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Weekly Market Update

General market news              

  • The volatility in rates continued last week. The 10-year Treasury yield moved from 1.77 percent to 1.95 percent and back down to 1.81 percent before opening at 1.85 percent on Monday. The 2-year moved from 1.58 percent to 1.69 percent and opened at 1.62 percent on Monday. The 30-year opened at 2.27 percent after briefly hitting 2.36 percent last week.
     

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Weekly Market Update

General market news              

  • Rates experienced an uptick in volatility last week. The 10-year Treasury yield went from 1.85 percent down to 1.69 percent and back up to 1.85 percent before opening on Monday at 1.82 percent. The 2-year opened at 1.60 percent, and the 30-year opened at 2.25 percent. It’s not surprising to see rates react in this manner, with mixed economic numbers and geopolitical concerns causing large swings in the markets.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield finished last week unchanged at 1.78 percent and opened at 1.83 percent on Monday. The 30-year also opened the week higher, at 2.27 percent. The Treasury yield curve ended November inverted, with the 1-month yield of 1.62 percent higher than the 3-year yield of 1.61 percent.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield dropped to 1.7 percent last week and opened at 1.78 percent on Monday. The 30-year opened at 2.23 percent after finishing at 2.17 percent last week. The short end of the curve has inverted again, with the 3-year yielding 2 basis points less than the 2-year, which stands at 1.64 percent.
     

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Weekly Market Update

General market news              

  • U.S. rates came down on a holiday-shortened week. On Monday, the 10-year Treasury yield opened at 1.84 percent, dropping from last week’s high of 1.97 percent. The 30-year reached a recent high of 2.43 percent and opened Monday at 2.32 percent. The 2-year moved from a high of 1.67 percent to 1.60 percent.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield closed last Friday at 1.94 percent, its highest level since early August. The 30-year closed at 2.42 percent, and the 2-year stood at 1.67 percent. One year ago today, the 10-year stood at 3.14 percent.
     

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Weekly Market Update

General market news              

  • Last week saw a lot of volatility in rates, with the 10-year Treasury yield as high as 1.85 percent and as low as 1.67 percent. It opened at 1.75 percent on Monday. The 30-year experienced similar movements, with a high of 2.35 percent and a low of 2.16 percent. It opened at 2.23 percent on Monday. The 2-year moved from as high as 1.66 percent to as low as 1.50 percent, following the same pattern after Wednesday’s interest rate cut.
     

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Weekly Market Update

General market news              

  • Rates moved higher late last week after a two-week period of flatness. The 10-year Treasury yield rates came in at the highest level we’ve seen in the past 30 days. The last time rates hit this level (on September 17), they began a three-week fall back to 1.50 percent. On Monday, the 10-year opened at 1.83 percent, the 30-year opened at 2.32 percent, and the 2-year opened at 1.64 percent.
     

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Weekly Market Update

General market news              

  • After two weeks of volatility, rates were relatively flat last week. The 10-year Treasury yield opened at 1.77 percent on Monday, and the 30-year and the 2-year opened at 2.27 percent and 1.59 percent, respectively.
     

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Weekly Market Update

General market news              

  • Volatility continues to be the main story in rates, as the 10-year Treasury opened last week at 1.5 percent and closed the week at 1.76 percent. The 30-year Treasury was back below 2 percent briefly but closed the week at 2.24 percent. The 2-year Treasury went from 1.35 percent to 1.59 percent. The Treasury market will be closed today in recognition of the holiday, but we should continue to expect volatility in the rates markets going forward.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield reached a high of 1.75 percent last week and opened at 1.50 percent on Monday. In the same time frame, the 30-year went from a high of 2.20 percent to below 2 percent, and the 2-year went from 1.68 percent to 1.35 percent. This volatility is likely here to stay, but as we’ve mentioned before, the general trend over the next year should lean toward lower rates.
     

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Weekly Market Update

General market news              

  • Rates in the U.S. were mostly flat late last week. September as a whole proved to be quite volatile, however, with the 10-year Treasury yield swinging from a low of 1.42 percent to a high of 1.90 percent. It came in at 1.68 percent on Monday. The 30-year had similar moves during the month, with highs of 2.37 percent and lows of 1.90 percent, settling at 2.13 percent on Monday. This activity is quite typical in this part of the economic cycle, and we should expect more volatility, with an overall trend toward lower rates in the next year.
     

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Weekly Market Update

General market news              

  • Last week, the Federal Reserve (Fed) cut rates by 25 basis points (bps), bringing the lower rate target to 1.75 percent. The 10-year Treasury opened early Monday at 1.69 percent after posting its highest rates since the end of July at 1.90 percent. The 2-year Treasury touched 1.80 percent and opened at 1.66 percent on Monday. The 30-year Treasury, which had been as high as 2.37 percent, opened at 2.13 percent.
     

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Weekly Market Update

General market news              

  • Last week, the 10-year Treasury went up to 1.90 percent late, but it pulled back after the news from Saudi Arabia over the weekend and opened at 1.80 percent on Monday. The rest of the curve had similar moves. The 2-year Treasury was as high as 1.80 percent and opened at 1.75 percent, and the 30-year Treasury was as high as 3.37 percent and opened at 2.26 percent.
     

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Weekly Market Update

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  • Last week, rates backed up across the curve as the 10-year Treasury moved from 1.42 percent to open at 1.59 percent early this Monday morning. The 30-year Treasury opened at 2.07 percent and the 2-year opened at 1.56 percent. The volatility in the rate market continues and should be expected going forward, with the longer-term trend likely to the downside.
     

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Weekly Market Update

General market news              

  • The rates market saw some volatility after the long weekend. The 10-year Treasury opened at 1.53 percent early Tuesday morning but quickly dropped to 1.46 percent. The 2-year Treasury opened at 1.49 percent, and the 30-year Treasury is back below 2 percent at 1.94 percent. The markets will be anticipating a rate decision from the Federal Reserve (Fed) again this month, as it meets on September 18.
     

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Weekly Market Update

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  • We certainly have experienced some volatility in rates these past few weeks. The 10-year Treasury yield dropped from 1.71 percent to 1.44 percent last week. On Monday, it opened at 1.49 percent, moved quickly to 1.44 percent, and then jumped back to 1.52 percent. The 2-year opened at 1.51 percent, and the 30-year at opened 2.01 percent. With mixed economic numbers, trade uncertainties, and global tensions, volatility is likely to continue in the weeks and months to come.
     

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Weekly Market Update

General market news              

  • The 10-year Treasury yield was as low as 1.47 percent late last week, before opening at 1.61 percent on Monday. The 30-year was below 2 percent for the first time ever. It opened at 2.11 percent on Monday, and the 2-year opened at 1.52 percent. Rates moved significantly lower, raising questions about the timing of the next recession. With yields close to historical lows and the Federal Reserve (Fed) just starting to lower rates, it is likely we will continue to see historically low yields across the curve.

 

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Weekly Market Update

General market news              

  • U.S. Treasury rates fell considerably over the past two weeks. In fact, they fell at the fastest pace we’ve seen in some time and are now below where they were prior to the 2016 election. The 10-year Treasury yield is trading at 1.68 percent, quickly approaching its all-time low of 1.35 percent seen in July 2016. The 2-year is at 1.59 percent, and the 30-year is at 2.20 percent. It’s hard to imagine the 10-year was as high as 3.23 percent this past November.
     

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Weekly Market Update

General market news              

  • Last week, the Federal Reserve (Fed) lowered rates, and more tariffs were imposed on Chinese goods, ending the yield curve’s recent flat streak. The 10-year Treasury yield, which was higher than 2 percent for the better part of the past month, dropped to 1.90 percent late last week and opened at 1.76 percent on Monday. The 30-year is at 2.30 percent, and the 2-year is at 1.61 percent.

 

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Weekly Market Update

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  • Last week, the yield curve remained relatively in line with the previous week. With the Federal Reserve (Fed) meeting this week and making a decision on rates, we could see a rate cut for the first time since 2008. The 10-year Treasury opened at 2.05 percent early Monday, the 30-year opened at 2.57 percent, and the 2-year opened at 1.84 percent.

 

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Weekly Market Update

General market news              

  • Rates fell across the curve last week, with the largest declines on the short end of the curve. The 10-year Treasury yield opened the week at 2.04 percent, and the 30-year opened at 2.56 percent.

 

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Weekly Market Update

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  • The 10-year Treasury yield reached a new cycle low of 1.93 percent before the holiday last Thursday, and it spiked back up to 2.06 percent on Friday. The 10-year opened at 2 percent on Monday. Most of the curve moved in a similar fashion, with the exception of the 6-month and the shorter part of the curve, which moved lower on the expectation of a rate cut at some point this year.

 

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Weekly Market Update

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  • After the Federal Open Market Committee (FOMC) meeting on June 19, rates have ranged between 1.97 percent and 2.06 percent. The 10-year Treasury yield opened at 2.01 percent on Monday. Most of the curve moved slightly lower, with the 1-month and 3-month yields moving the most. Bond investors are anticipating a possible rate cut at the end of July FOMC meeting.

 

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Weekly Market Update

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  • Rates dropped after the Federal Open Market Committee (FOMC) meeting last week. The 10-year Treasury yield dropped from 2.11 percent at the start of the week to below 2 percent after the meeting. On Monday, it opened at 2.02 percent. The 2-year and 30-year yields stand at 2.74 percent and 2.54 percent, respectively.

 

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Weekly Market Update

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  • Last week, the 10-year Treasury yield dropped as low as 2.05 percent, and it opened at 2.10 percent on Monday morning. Most of the curve remains inverted, with the 3-year, 2-year, and 5-year yields coming in at 1.81 percent, 1.87 percent, and 1.86 percent, respectively.

 

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Weekly Market Update

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  • After experiencing steep declines recently, Treasury yields remained in a tight range last week. While yields did reach cycle lows—2.05 percent for the 10-year and 1.73 percent for the 2-year—both rates were up slightly higher on Monday at 2.13 percent and 1.86 percent, respectively. The 30-year opened at 2.61 percent on Monday after being as low as 2.52 percent last week.

 

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Weekly Market Update

General market news              

  • The 10-year Treasury yield broke below the 2.20 percent level last week and opened at 2.06 percent on Monday. Treasuries all the way out to 7 years are now trading below 2 percent. The 3-year and 30-year Treasuries are trading as low as 1.81 percent and 2.54 percent, respectively.

 

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Weekly Market Update

General market news              

  • Last week, rates continued to move lower across the curve. The 10-year Treasury, which was as high as 2.47 percent a little over two weeks ago, opened at 2.28 percent early Monday morning. Last week, the 30-year Treasury was at 2.85 percent and was as high as 3 percent four weeks ago; it opened at 2.71 percent on Monday. The 2-year Treasury, which was as high as 2.26 percent last week and 2.37 percent two weeks ago, opened at 2.14 percent. The ongoing trade tensions, coupled with slower economic numbers and expectations, have driven some investors to safety, which has resulted in the recent change in rates.

 

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Weekly Market Update

General market news              

  • Treasuries moved lower last week. The 10-year Treasury reached 2.35 percent last Thursday, and it opened at 2.39 percent early Monday. The 30-year Treasury was as low as 2.80 percent last week and opened at 2.82 percent on Monday. The 2-year Treasury reached a low of 2.13 percent and opened at 2.20 percent on Monday; it was as high as 2.41 percent in mid-April. Treasury yields as far out as 12 years are now trading below the upper bound of the current Federal Reserve (Fed) funds rate.

 

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Weekly Market Update

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  • Treasuries experienced some elevated volatility last week, with the U.S.-China trade talks and the newly imposed tariffs sending money to safety. The 10-year Treasury was as high as 2.48 percent last week and 2.54 percent the week before. It opened early Monday at 2.41 percent. The short end of the curve remains inverted. The 3-month Treasury is trading at 2.36 percent, which is higher than even the 8-year, which is currently trading at 2.35 percent.

 

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Weekly Market Update

General market news              

  • Rates were very volatile last week, with the 10-year Treasury hitting a low of 2.46 percent on Wednesday and a high of 2.56 percent on Friday. Concerns over trade talks with China drove rates down over the weekend, with the 10-year starting the week at 2.48 percent.

 

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Weekly Market Update

General market news              

  • Rates moved lower last week, as the 10-year Treasury hit a high of 2.61 percent the previous week, moved to as low as 2.49 percent late last week, and opened at 2.52 percent early Monday. The curve remains flat and inverted on the short end. Continued volatility is expected in the weeks and months ahead.

 

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Weekly Market Update

General market news              

  • Rates moved slightly upward last week, with the 10-year Treasury opening at 2.57 percent on Monday. The 30-year also moved higher, nearly hitting 3 percent midweek before settling back and opening at 2.97 percent on Monday.

 

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Weekly Market Update

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  • Rates moved higher late on Friday, with the 10-year Treasury jumping to 2.56 percent; it also opened there Monday morning. Meanwhile, the 2-year opened at 2.40 percent and the 30-year opened at 2.97 percent. The short end of the curve remains inverted, as the 3-year is yielding 2.36 percent and the 3-month is yielding 2.37 percent.

 

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Weekly Market Update

General market news              

  • Rates moved higher last week after hitting a recent cycle low the previous week. The 10-year Treasury was as low as 2.33 percent 11 days ago and sold off to rates as high as 2.54 percent late last week. It opened at 2.48 percent early Monday. Meanwhile, the 2-year opened at 2.33 percent, and the 30-year opened at 2.90 percent.

 

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Weekly Market Update

General market news              

  • The 10-year Treasury was as low as 2.33 percent late last week. But it opened at 2.44 percent early Monday morning. Meanwhile, the 2-year opened at 2.29 percent, and the 30-year opened at 2.84 percent. Last week, rates continued to drop across the curve, but they bounced later in the week and opened higher than last Thursday’s lows. The curve is approaching inversion, with short rates essentially pinned at the federal funds level.

 

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Weekly Market Update

General market news              

  • The 10-year Treasury was as low as 2.41 percent late last week before opening at 2.45 percent on Monday. Yields across the curve were lower, with the 2-year Treasury opening at 2.31 percent and the 30-year Treasury opening at 2.89 percent. As a result of slowing global growth, the dovish stance from the Federal Reserve (Fed), and tariff and debt concerns, investors have piled into more safety assets over the last couple of weeks. For the first time in this cycle, the 3-month yield was higher than the 10-year yield. That yield differential was small (–2.974 basis points) and reversed on Monday morning; however, it has become increasingly likely that we will see a full curve inversion at some point.

 

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Weekly Market Update

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  • The 10-year Treasury was down on Monday morning, opening at 2.58 percent. This is its lowest level since January 3, when it hit 2.55 percent. The 2-year, 5-year, and 30-year Treasuries opened at 2.43 percent, 2.40 percent, and 3.02 percent, respectively. The short end of the curve remains inverted, with the 2-year Treasury yielding more than the 5-year. The long end of the curve remains about 60 basis points over the short end of the curve.

 

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Weekly Market Update

General market news              

  • The 10-year Treasury opened at 2.64 percent early Monday, while the 2-year, 3-year, and 5-year Treasuries came in at 2.47 percent, 2.45 percent, and 2.44 percent, respectively. The 5-year Treasury is currently the lowest-yielding debt in the Treasury curve, while the 6-month and 1-year Treasuries are yielding more than the 7-year Treasury. The curve is experiencing volatility, as mixed economic data continues to be released.

 

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Weekly Market Update

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  • Rates rose higher late last week, as the 10-year Treasury moved from 2.65 percent to 2.76 percent and opened at those levels on Monday. The 30-year Treasury came in at 3.11 percent, while parts of the short end of the curve remained inverted. The 2-year Treasury opened at 2.55 percent Monday, after being as low as 2.47 percent late last week.

 

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Weekly Market Update

General market news              

  • Rates have risen slightly on the long end of the curve. The 10-year U.S. Treasury opened Monday at 2.67 percent, while the 30-year opened at 3.03 percent. The short end of the curve remained unchanged, with the 2-year starting the week at 2.50 percent.

 

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Weekly Market Update

General market news              

  • Rates remained largely unchanged last week. The 10-year U.S. Treasury opened this morning at 2.64 percent, while the 30-year opened at 2.98 percent. Rates moved higher on the long end of the curve at the beginning of the week, but these increases were offset by declines on Thursday and Friday.

 

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