Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, December 21, 2020
Last week saw a moderate steepening of the yield curve as lawmakers moved closer to a potential stimulus package and the Moderna vaccine was approved. The 10-year Treasury yield opened the week at 0.93 percent and closed just shy of 0.95 percent. This morning, it opened just below 0.90 percent, down 3 basis points (bps) from last week’s open. The 30-year opened this morning at 1.64 percent, a loss of 3 bps from last week’s open of 1.67 percent. On the shorter end of the curve, we saw a sizable move as the 2-year opened last week at 0.121 percent and rose one-fifth of a basis point to 0.123 percent this morning. The bond market signals investors were cautiously optimistic heading into the weekend.
Click here to read the full weekly market published December 21, 2020
Weekly Market Update, December 14, 2020
Last week saw a moderate flattening of the yield curve in response to potential stimulus talks, vaccine approval news, and the latest jobs report. The 10-year Treasury yield opened last week near 0.97 percent and ended the week just below 0.89 percent. It opened higher this morning, just shy of 0.92 percent. The 30-year opened this morning at 1.66 percent, a loss of 8 basis points (bps) from last week’s open at 1.74 percent. On the shorter end of the curve, we saw a sizable move as the 2-year opened last week at 0.16 percent and dropped 3 bps to 0.13 percent this morning.
Click here to read the full weekly market published December 14, 2020.
Weekly Market Update, December 07, 2020
Last week saw a steepening of the yield curve as optimism grew over vaccine news and the potential for new stimulus. The 10-year Treasury yield opened last week just below 0.85 percent and closed just shy of 0.97 percent. This morning, the 10-year opened at 0.94 percent, almost 9 basis points (bps) higher than last week’s open. The 30-year opened this morning at 1.70 percent, an increase of 11 bps over last week. On the shorter end of the curve, the 2-year opened last week at 0.15 percent and dropped to 0.14 this morning.
Click here to read the full weekly market published December 07, 2020.