June 28, 2022
Although whispers and predictions of a recession have been swirling the past several months, Fed Chair Jerome Powell believes there are signs of avoiding a recession, citing consumption not slowing down as one of the factors. Since the Fed raised rates by 75 bps, energy prices have fallen, and crude oil prices are the lowest they have been since March. It will be interesting to see how the economy continues to react, especially since Powell said more bps hikes in the coming months are likely. The 10-Year Treasury Yield currently sits at 3.17%.
Cross Market Curve
Treasury Curve vs Start of the Year
UPCOMING MUNICIPAL CALENDAR
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