Rates remained steady through the holidays. Stimulus checks arrive for American consumers as jobless claims rise and a COVID variant arrives in the US.
Rates closed slightly higher this week after trading in a narrow range throughout the week.
Yields declined across the curve this week, reversing last week's yield curve steepening and sending the closing yield on the 10-year Treasury below 90 bps..
The yield curve steepened substantially this week, with the 10-year note adding eight bps of yield, returning to the previous peaks hit in November and June...
CDs have long been the bedrock of credit union investment portfolios, particularly for small and medium-sized institution.