| Friday, August 15, 2025 |
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MANAGING DIRECTOR: |
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US Treasury Market |
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| Date | 1 mo | 3 mo | 6 mo | 1 yr | 2 yr | 3 yr | 5 yr | 7 yr | 10 yr | 20 yr | 30 yr |
| 08/08/25 | 4.33 | 4.24 | 4.12 | 3.93 | 3.76 | 3.73 | 3.83 | 4.03 | 4.28 | 4.83 | 4.85 |
| 08/11/25 | 4.34 | 4.24 | 4.12 | 3.94 | 3.77 | 3.74 | 3.84 | 4.04 | 4.29 | 4.83 | 4.85 |
| 08/12/25 | 4.30 | 4.22 | 4.08 | 3.90 | 3.73 | 3.71 | 3.82 | 4.03 | 4.30 | 4.85 | 4.88 |
| 08/13/25 | 4.31 | 4.21 | 4.05 | 3.85 | 3.68 | 3.64 | 3.76 | 3.97 | 4.24 | 4.80 | 4.83 |
| 08/14/25 | 4.31 | 4.22 | 4.08 | 3.90 | 3.73 | 3.70 | 3.82 | 4.02 | 4.29 | 4.85 | 4.87 |
The data in the table above is static as of the time it was pulled, so rates may have changed. Treat all data in this table and PMR as indications only and availability is always subject to change. This information was pulled manually from sources we believe to be reliable. New source, as of 12/12/2022, Bloomberg, L.L.P. As of: close of business 08/14/2025.
Making Headlines
(Aug. 13) Atlanta Fed President Raphael Bostic noted the weakness seen in the July employment data and noted that lower-income consumers and small businesses are beginning to feel the impact of tariffs. Bostic said that unemployment remains low
(Aug. 13) Chicago Fed President Austan Goolsbee said that tariffs-related price pressures have begun to be seen in the available data and said that the effects may not be transitory.
(Aug. 12) Kansas City Fed President Jeffrey Schmid said that interest rates should not be lowered right now with the economy still strong and inflation above the Fed's target. He conceded that effects of tariffs on inflation are expected to be modest and that he would alter his views on monetary policy if conditions began to deteriorate.
(Aug. 12) Richmond Fed President Tom Barkin said that the FOMC is well positioned to adjust monetary policy if needed but said the balance between upward pressure on inflation and upward pressure on unemployment is still unclear and that inflation growth will depend on how consumers react to higher prices that result from tariffs.
A few headlines from Fed Presidents on the economy this week. A September rate cut seems to be on the table with the DOT plot projecting a target rate of 3.875 by the end of the year. The question continues to be how to lock in yield for longer with rate cuts looming. One great way to accomplish this goal are discounted callables. A great way to add duration with a bullet like structure and additional spread to Treasuries. Please reach out to your Country Club Bank representative to determine what might work best for your portfolio.
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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