Weekly rates

Recent Updates:

Capital Markets Comment: UST10 opens this morning at 4.57%, almost unchanged for the past two weeks and year to date. A bit of whip-saw on economic policy direction as 25% Tariffs were both announced, and then withdrawn on Canada and Mexico (our largest trading partners) within a 24-36 hour period. A 10% Tarriff did go into effect on Chinese goods. We anticipate immediate reaction as our trade wars escalate. Market now pricing in an overall lack of clarity on US Economic policy over the next several years, and what that could ultimately mean for growth and foreign investment in the US market. Keeping an eye on what is actually happening, Unemployment stands at 4.1%, Core PCE inflation indicator at 2.8%. Investors reducing their view of potential Fed rate cuts, now pricing in only a 35% chance of a 25bps rate cut by May, down from 50% a week ago. Our beginning of the year benchmarks: UST10 at 4.57&, unemployment at 4.2%, with a participation rate of 62.5%. Inflation, as measured by Core PCE Price index is at 2.8%, and our Fiscal Year 2024 Federal Deficit stands at $1.83 trillion, or -7.1% of GDP (aka our Budget Balance). Such deficit is surpassed only by Brazil at -7.5%.
‍
Click to View our Full Rate Sheet!
Rates are provided by Freddie Mac and Fannie Mae