Blog

Weekly Market Update, September 13, 2021

General Market News

  • Treasury yields saw little movement last week as markets look for direction amid growth concerns and the coming September Federal Reserve (Fed) meeting. The 10-year yield was unchanged from last week, opening at 1.33 percent on Monday morning. The 30-year fell 2 basis points (bps) to 1.91 percent, while the 5-year gained about 2 bps to 0.78 percent and the 2-year was unchanged at 0.20 percent. 

Market Update for the Month Ending August 31, 2021

Strong August for Markets

Markets continued to rally in August, with all three major U.S. indices setting new record highs. While there was some mid-month volatility, markets were able to bounce back swiftly toward month-end. The Dow Jones Industrial Average gained 1.50 percent while the S&P 500 notched a 3.04 percent return. The Nasdaq Composite led the way with a 4.08 percent return.

Weekly Market Update, August 30, 2021

General Market News

  • The Treasury yield curve steepened modestly last week after Federal Reserve (Fed) Chairman Jerome Powell’s remarks at the Fed’s virtual annual symposium. The 10-year Treasury yield picked up 5 basis points (bps) week-over-week to open at about 1.3 percent on Monday morning. The 2-year fell about 1 bp to around 0.21 percent, the 5-year gained approximately 2 bps to 0.79 percent, and the 30-year was up 5 bps to 1.92 percent. After these muted moves, the markets are looking ahead to the August jobs report.

Weekly Market Update, August 23, 2021

 

General Market News

  • With investors awaiting the Federal Reserve’s (Fed’s) virtual symposium and Chairman Jerome Powell’s speech this Friday, Treasury yields were mixed across the curve. The 10-year Treasury yield was unchanged week-over-week, opening at 1.26 percent on Monday. The 2-year picked up about 2 basis points (bps) to roughly 0.21 percent, the 5-year gained approximately 3 bps to 0.78 percent, and the 30-year was down 4 bps to about 1.88 percent.

Weekly Market Update, August 16, 2021

General Market News

  • Treasury yields moved slightly lower across the curve last week as July’s Consumer Price Index report matched economist expectations. The 10-year Treasury yield fell 4 basis points (bps) to open Monday at 1.28 percent. The 2-year lost 1 bp to 0.20 percent, the 5-year shed 2 bps to 0.77 percent, and the 30-year was down 3 bps to about 1.9 percent.

Weekly Market Update, August 9, 2021

General Market News

  • Treasury yields moved slightly higher across the curve last week as investors reacted to a better-than-expected July jobs report. The 10-year Treasury yield rose about 9 basis points (bps) to 1.27 percent. The 2-year gained 3 bps to 0.20 percent, the 5-year rose approximately 10 bps to 0.75 percent, and the 30-year picked up 7 bps to about 1.9 percent.

Market Update for the Month Ending July 31, 2021

Solid July for Markets

July was a positive month for most markets despite rising medical risks. The three major U.S. indices saw all-time highs as the Nasdaq Composite gained 1.19 percent, the Dow Jones Industrial Average notched a 1.34 percent gain, and the S&P 500 led the way with a 2.38 percent return.

Weekly Market Update, August 2, 2021

General Market News

  • Treasury yields moved slightly lower across the curve week-over-week. The 10-year Treasury yield slid about 7 basis points (bps) to open near 1.21 percent. The 2-year fell roughly 2 bps to 0.17 percent, the 5-year dropped approximately 5 bps to 0.67 percent, and the 30-year shed 5 bps to about 1.89 percent. Investors are in a holding pattern after last week’s Federal Reserve (Fed) meeting, awaiting guidance on impending monetary policy shifts.

Weekly Market Update, July 26, 2021

General Market News

  • Treasury yields stabilized after a volatile session at the start of last week. The 10-year yield came in at 1.24 percent on Monday morning, showing a gain of 5 basis points (bps) week-over-week after trading as low as 1.13 percent early last week. The 30-year yield climbed 7 bps week-over-week, sitting at roughly 1.89 percent on Monday morning. Shorter-dated notes saw less-pronounced moves as the 2-year shed 2 bps and the 5-year lost 1 bp week-over-week to open at around 0.19 percent and 0.69 percent, respectively. Investors remain apprehensive about virus variants and how they might weigh on economic growth into the fall.

Weekly Market Update, July 12, 2021

General Market News  

  • Treasury yields plunged last week as investors weighed concerns about virus variants and shifting monetary policy and the potential effects on the global recovery. The 10-year yield fell about 13 basis points (bps) week-over-week to open at 1.33 percent on Monday morning. The 5-year yield also fell 13 bps to open at 0.76 percent. The 30-year yield was the next biggest mover, shedding 10 bps to open at 1.96 percent. The 2-year yield fell about 5 bps from 0.26 percent to 0.21 percent.