Friday, October 13, 2017
MANAGING DIRECTOR: Scott Carrithers   PORTFOLIO SALES AND SERVICE: Steve Panknin • George Morris • Jeff Goble • Chris Thompson • Sean Doherty Robert Brickson • Kevin Doyle • Lonnie Harris •  Mark Tranckino • Robert Schuyler  Tom Toburen • Josh Kiefer • Nicole Burczyk • Kelley Frye • Natalie Regan • Aaron Stoffer • Chuck Honeywell

US Treasury Market
Date	1 mo	3 mo	6 mo	1 yr	2 yr	3 yr	5 yr	7 yr	10 yr	20 yr	30 yr
10/05/17	1.02	1.07	1.21	1.35	1.49	1.63	1.94	2.17	2.35	2.65	2.89
10/06/17	1.03	1.07	1.22	1.35	1.54	1.66	1.97	2.20	2.37	2.68	2.91
10/10/17	1.03	1.08	1.26	1.42	1.51	1.64	1.95	2.18	2.35	2.65	2.88
10/11/17	1.04	1.10	1.25	1.40	1.51	1.66	1.95	2.17	2.35	2.64	2.88
10/12/17	.99	1.09	1.27	1.41	1.51	1.66	1.95	2.16	2.33	2.62	2.86

                                                                                                               

                                                                                                                Source: U.S. Department of the Treasury, as of 10/12/17   
 

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                                                     A MUNICIPAL TRADERS PERSPECTIVE

The charts below show the yield changes since September 1^st in both municipals and USTN.

As you can see yields are higher today than on September 1^st.  Is this a longer term trend or just another blip?  Also see chart of the 10 year treasury below.             

USTN Curve 9/1/17 vs 10/11/17

AAA Muni scale 9/1/17 vs 10/11/17

10 year USTN since 4/13/2107

This information is intended for institutional investors only. The material provided in this document/presentation is for informational purposes only and is intended solely for private use. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.

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