Weekly Market Update: July 2020

//Weekly Market Update: July 2020

Weekly Market Update: July 2020

2020-07-27T20:37:29+00:00July 27th, 2020|

Presented by Matt Glova and the LifeTime Asset Management team:

July 27, 2020

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.

Click here to read the full weekly market published July 27, 2020.

July 20, 2020

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.

Click here to read the full weekly market published July 20, 2020.

July 13, 2020

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.

Click here to read the full weekly market published July 13, 2020.

July 6, 2020

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.

Click here to read the full weekly market published July 6, 2020.