Friday, February 17, 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 |
| 02/10/23 | 4.56 | 4.76 | 4.92 | 4.88 | 4.52 | 4.20 | 3.92 | 3.85 | 3.74 | 3.95 | 3.82 |
| 02/13/23 | 4.60 | 4.77 | 4.94 | 4.91 | 4.52 | 4.20 | 3.91 | 3.82 | 3.70 | 3.91 | 3.78 |
| 02/14/23 | 4.56 | 4.75 | 5.01 | 4.97 | 4.62 | 4.32 | 4.00 | 3.89 | 3.75 | 3.92 | 3.78 |
| 02/15/23 | 4.56 | 4.77 | 4.99 | 4.96 | 4.63 | 4.35 | 4.04 | 3.94 | 3.81 | 3.99 | 3.84 |
| 02/16/23 | 4.54 | 4.80 | 5.01 | 4.98 | 4.64 | 4.37 | 4.07 | 3.99 | 3.86 | 4.06 | 3.92 |
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, LP. As of: close of business 02/16/2023
Looking for Liquidity
Are you searching for liquidity to fund a new loan or execute a swap idea? With wholesale funding options above 5%, or quickly heading in that direction, banks should continue to scrutinize their cheapest marginal cost of funding options. The answer to what is the “best” funding solution depends on if you want to increase your balance sheet size by issuing brokered CDs, taking on FHLB advances or shrink the balance sheet by selling securities. Often we find a risk aversion to selling securities and incurring at a loss, however when you do the analysis this is often a strong option when considering raising liquidity. If you would like help examining options and running an analysis on funding structures and balance sheet impact associated with each, please feel free to reach out to discuss in greater detail.Current Sources of Liquidity
1) Low coupon 15yr pools with 0-3 years of seasoning (namely 1.5% to 2.5% coupons)
2) Brokered CDs (consider prefunding needs)
3) FHLB Advances (consider prefunding needs)
15yr 1.5% Example
Source: Bloomberg, LLP
Source: Bloomberg, LLP
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