Some Reprieve as Rates Fall Modestly – Fixed Income Overview
Please choose any of the following articles below that interest you. Each article is listed under the month it was written. Articles written in prior months may still have educational interest.
With the new year approaching, the Fed is expected by many analysts to begin slowing its rate hike trajectory. Currently, the Fed Funds Rate range is 3.75% to 4.00%, up dramatically from its two-year stint at 0%. The benchmark 10 Year Treasury bond yield ended November at 3.68%, down from 4.10% at the end of October. Mortgage, as well as personal loan rates, also fell adding buoyancy to consumer demand.
Shorter-term maturity yields for Treasury bonds were still higher than longer-term Treasury bond yields at month end, representing an inverted yield curve indicative of probable slowing economic activity. Yields on the 1-year Treasury note was 4.74% compared to 3.68% on the 10-year Treasury bond on November 30th.
Sources: U.S. Department of the Treasury, Bloomberg, Reuters
Print Version: Some Reprieve as Rates Fall Modestly Fixed Income Overview Dec 2022
