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Friday, December 20, 2024
 

MANAGING DIRECTOR:
Scott Carrithers
 
PORTFOLIO SALES AND SERVICE:
Chris Thompson • Sean Doherty • Kevin Doyle • Mark Tranckino • Brian Schaff
Natalie Regan • Aaron Stoffer • David Farris • Jeff Macy 
Josh Kiefer • Tom Toburen • Todd Czinege • Trey Valentine • Cody Kreutziger

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
12/13/24 4.30 4.33 4.32 4.24 4.25 4.22 4.25 4.33 4.40 4.68 4.60
12/16/24 4.31 4.31 4.32 4.24 4.25 4.23 4.26 4.33 4.40 4.67 4.60
12/17/24 4.33 4.33 4.31 4.25 4.25 4.23 4.26 4.33 4.40 4.68 4.59
12/18/24 4.32 4.34 4.31 4.29 4.36 4.36 4.40 4.47 4.52 4.78 4.68
12/19/24 4.30 4.33 4.30 4.26 4.32 4.34 4.42 4.51 4.56 4.83 4.74

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 12/19/2024.

                                                                                                                                                                                        

The Hawkish Cut
 
Jay Powell and the Fed cut 25 basis points as expected on Wednesday in what is now being called a “hawkish cut”.  The only change in the statement was “In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks.” The dot plot, however, shifted considerably from the previous September as shown in the below graph.  At this point, the expectation for 2025 is 2 cuts instead of 4 with the median at 3.875%.  Treasury yields rose after the meeting as the news was being digested in the marketplace so much so that Fed Fund Futures only have 1 cut priced in for next year.  There is a definite shift in sentiment as there are still inflation concerns and questions on how Trump’s policies will affect the marketplace.  Please contact your CCB rep if we can help prepare you for a successful 2025!



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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