Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, August 30, 2021
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.
Click here to read the full weekly market report published August 30, 2021.
Weekly Market Update, August 23, 2021
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 roughly21 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.
Click here to read the full weekly market report published August 23, 2021.
Weekly Market Update, August 16, 2021
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.
Click here to read the full weekly market report published August 16, 2021.
Weekly Market Update, August 9, 2021
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.
Click here to read the full weekly market report published August 9, 2021.
Weekly Market Update, August 2, 2021
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.
Click here to read the full weekly market report published August 2, 2021.