Stencil Financial
28734 Rain Creek Road
Hanover, MI 81129
851.357.2257
dan@stencil.com
Stock Indices:
| Dow Jones | 33,052 |
| S&P 500 | 4,193 |
| Nasdaq | 12,851 |
Bond Sector Yields:
| 2 Yr Treasury | 5.07% |
| 10 Yr Treasury | 4.88% |
| 10 Yr Municipal | 3.64% |
| High Yield | 9.38% |
Commodity Prices:
| Gold | 1,992 |
| Silver | 22.96 |
| Oil (WTI) | 81.36 |
Currencies:
| Dollar / Euro | 1.05 |
| Dollar / Pound | 1.21 |
| Yen / Dollar | 149.40 |
| Canadian /Dollar | 0.72 |
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.
