Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, January 11, 2020
After little movement during the week of New Year’s, we saw significant steepening of the yield curve in the first week of 2021. The 10-year Treasury yield opened at 0.93 percent and closed just shy of 1.11 percent. This morning, the 10-year yield opened just above 1.13 percent—a pickup of 20 basis points (bps) in just one week. The 30-year yield opened at 1.9 percent—a gain of more than 23 bps from last week’s open of 1.66 percent. On the shorter end of the curve, the 2-year opened last week at 0.14 percent and fell just 1.2 bps at the opening this morning. The pickup in yields was predominantly driven by the results of the Georgia runoffs, as two additional senators for the Democratic Party increases the likelihood of additional stimulus..
Weekly Market Update, January 04, 2021
Last week saw minimal movement in the yield curve due to light trading and the holiday. The 10-year Treasury yield opened at 0.93 percent and closed the week just shy of 0.92 percent. This morning, the 10-year yield opened at almost 0.93 percent. The 30-year opened at 1.66 percent—a loss of less than 1 basis point from last week’s open of 1.67 percent. On the shorter end of the curve, the 2-year opened last week at 0.12 percent and fell just three-tenths of a basis point this morning.