Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, June 7, 2021
The yield curve flattened slightly last week as fixed income investors weighed the reopening of the economy against the possibility the Federal Reserve (Fed) will taper its policy later in the year. The 10-year Treasury yield opened the week at 1.58 percent and closed about 2.2 basis points (bps) lower. On Monday morning, the 10-year opened at 1.57 percent, reversing most of last week’s move. The 30-year opened Monday at 2.25 percent, 7.8 bps lower than last week’s open. On the shorter end of the curve, the 2-year Treasury opened at 0.16 percent, 0.6 bps higher than last week’s open.
Weekly Market Update, June 1, 2021
The yield curve moved modestly lower again last week as the Federal Reserve (Fed) continued its patient monetary policy. The 10-year Treasury yield opened the week at 1.62 percent and closed more than 4 basis points (bps) lower at 1.58 percent. It opened at 1.63 percent on Tuesday morning. The 30-year opened at 2.33 percent, slightly up from last week’s open of 2.32 percent. On the shorter end of the curve, the 2-year opened at 0.15 percent, 0.6 bps below last week’s open.