Stencil Financial

28734 Rain Creek Road

Hanover, MI 81129


Market Update
(all values as of 10.31.2023)

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


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.