Stencil Financial
28734 Rain Creek Road
Hanover, MI 81129
851.357.2257
dan@stencil.com
Stock Indices:
| Dow Jones | 39,807 |
| S&P 500 | 5,254 |
| Nasdaq | 16,379 |
Bond Sector Yields:
| 2 Yr Treasury | 4.59% |
| 10 Yr Treasury | 4.20% |
| 10 Yr Municipal | 2.52% |
| High Yield | 7.44% |
Commodity Prices:
| Gold | 2,254 |
| Silver | 25.10 |
| Oil (WTI) | 83.12 |
Currencies:
| Dollar / Euro | 1.08 |
| Dollar / Pound | 1.26 |
| Yen / Dollar | 151.35 |
| Canadian /Dollar | 0.73 |
Hi everyone, have a great summer!
Fixed Income
As expected, the Federal Reserve announced the execution of its final rate increase in early May. Bond markets reacted with lower long-term yields as the Fed’s next move is projected by some analysts to be a reversal of rates. Elevated shorter-term bond yields are also expected to fall should the Fed reverse course.
Long-term bond yields held steady in April, while short-term bond yields rose slightly. Analysts view this as an indication that the Fed may still raise short-term rates a bit more, yet expect inflation to ease longer term. Yields on the 10-year and 30-year Treasuries had nearly no change in April, yet yields on the 3, 4, 6, and 12-month Treasuries all saw increases.
Sources: U.S. Treasury, Bloomberg, Reuters.
