Wednesday, October 19, 2022 |
||||||||
|---|---|---|---|---|---|---|---|---|
|
MANAGING DIRECTOR: |
||||||||
|
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 |
| 10/13/22 | 3.35 | 3.79 | 4.30 | 4.46 | 4.47 | 4.44 | 4.21 | 4.11 | 3.97 | 4.25 | 3.97 |
| 10/14/22 | 3.30 | 3.81 | 4.31 | 4.50 | 4.48 | 4.47 | 4.25 | 4.15 | 4.00 | 4.26 | 3.99 |
| 10/17/22 | 3.30 | 3.97 | 4.38 | 4.50 | 4.45 | 4.45 | 4.24 | 4.15 | 4.02 | 4.29 | 4.04 |
| 10/18/22 | 3.25 | 4.04 | 4.39 | 4.50 | 4.43 | 4.43 | 4.21 | 4.12 | 4.01 | 4.27 | 4.04 |
Source: U.S. Department of the Treasury, as of 10/18/2022
It is Time to be a Sunday Morning Quarterback….
The Treasury market seems to be thinking the same thing considering the fact that the curve is still 40+ basis points (bps) inverted and all maturities are at the peak of the regression suggesting a nearly 99% chance of a reversion lower.
Just a friendly reminder for all bank portfolios, including ours: I think we can all agree, A Monday morning quarterback would not have invested as much at the bottom of the cycle. We believe this is our chance to be a Sunday morning QB, take advantage of these yields before “Monday Morning” when we wake up one day and these levels are gone.
BE SURE TO DO IT WITH THE RIGHT STRUCTURES!
Source: Bloomberg, LLC
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