| Friday, July 28, 2023 |
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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 |
| 07/21/23 | 5.32 | 5.41 | 5.47 | 5.33 | 4.84 | 4.44 | 4.09 | 3.97 | 3.84 | 4.10 | 3.90 |
| 07/24/23 | 5.38 | 5.42 | 5.48 | 5.38 | 4.92 | 4.51 | 4.15 | 4.02 | 3.87 | 4.13 | 3.93 |
| 07/25/23 | 5.37 | 5.42 | 5.46 | 5.38 | 4.88 | 4.53 | 4.17 | 4.04 | 3.89 | 4.14 | 3.93 |
| 07/26/23 | 5.37 | 5.43 | 5.50 | 5.37 | 4.85 | 4.49 | 4.12 | 4.00 | 3.87 | 4.13 | 3.94 |
| 07/27/23 | 5.35 | 5.43 | 5.50 | 5.39 | 4.93 | 4.58 | 4.24 | 4.14 | 4.00 | 4.25 | 4.04 |
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 7/27/2023
Quarterback
As a lifelong Kansas Citian I have completed my requirement of watching Patrick Mahomes and his peers on the Netflix Series Quarterback. Admittedly, I am not the largest football fan and it was truly enlightening to see the amount of work quarterbacks put it in on a weekly basis to be ready for Sunday. The physical demand of the game has always been obvious but less so is the time spent studying plays, working with teammates and watching tape of their opponents. Having a great QB that puts in the time and effort in the down time can be the difference between a winning or losing season.
The last six months of the bond market has certainly felt like the down time to prepare for a new season. Jay Powell and the FOMC raised rates again on Wednesday and left us with an insightful quote from the presser, saying it’s “possible we’d raise or hold in September if data warranted”. The dot plot at the previous meeting showed their expectation is to raise one more time this year. The end of the cycle is near and it is a great time to analyze your situation and make changes as necessary. Do you need to raise liquidity? We can help with your issuance of Brokered CD’s. Would you like to remove lower coupons from your portfolio? We can help by identifying and recommending the best bond candidate(s) to sell. Would you like guidance on what your ideal portfolio could look like as rates change? Please contact your CCB QB to help answer your questions.
The last six months of the bond market has certainly felt like the down time to prepare for a new season. Jay Powell and the FOMC raised rates again on Wednesday and left us with an insightful quote from the presser, saying it’s “possible we’d raise or hold in September if data warranted”. The dot plot at the previous meeting showed their expectation is to raise one more time this year. The end of the cycle is near and it is a great time to analyze your situation and make changes as necessary. Do you need to raise liquidity? We can help with your issuance of Brokered CD’s. Would you like to remove lower coupons from your portfolio? We can help by identifying and recommending the best bond candidate(s) to sell. Would you like guidance on what your ideal portfolio could look like as rates change? Please contact your CCB QB to help answer your questions.
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.
•Not FDIC Insured •No Bank Guarantee •May Lose Value