Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, July 26, 2021
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 19, 2021
Treasury yields rebounded modestly last week before a sharp sell-off cratered yields on Monday morning. The 10-year lost 14 basis points (bps) week-over-week to open at around 1.2 percent, its lowest level since early February of this year. The 30-year shed 15 bps to open around 1.83 percent early Monday. Shorter-dated bonds saw smaller adjustments but still moved lower, as the 5-year yield lost 7 bps to open at about 0.72 percent and the 2-year lost 2 bps to open at around 0.2 percent. The latest moves mark a renewed fear of virus variants and questions about economic growth in the near term.
Weekly Market Update, July 12, 2021
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.
Weekly Market Update, July 6, 2021
Yields fell slightly across the Treasury curve last week as the first half of 2021 wrapped up. The 10-year yield fell about 5 basis points (bps) week-over-week to open around 1.41 percent on Monday morning. The 2-year was down 1 bp to 0.26 percent. The 30-year saw the biggest move, shedding 7 bps to open at 2.03 percent. The 5-year was down 2 bps to 0.89 percent. The 10-year has hovered between 1.5 percent and 1.4 percent for the past several months as investors gauge the global recovery and possible policy changes from the Federal Reserve (Fed).