Meanwhile, as the count in Georgia comes to a close, yields on longer term notes begin to increase as the Senate gets closer to a 50-50 split and the likelihood of more spending under a Biden administration ….
Rates
Federal Reserve as of 4 January 2021
Bloomberg as of 6 January 2021 10:30 am AST
Federal Funds Rate
0.09
0.08
Prime Rate
3.25
3.25
3-month Treasury
0.09
0.08
2-year Treasury
0.11
0.13
10-year Treasury
0.93
1.02
30-year Treasury
1.66
1.78
Source: Federal Reserve, OANDA
And the buzz phrase again mid-week is dollar weakening as exchange rates for a number of foreign exchange pairs continues to fall. This in light of disappointing jobs numbers from ADP where the payroll company determined that 123,000 jobs were lost in December 2020.
I graduated from The Florida State University with a Bachelor of Science in economics and political science (1984); a Master of Public Administration (1993); and a Juris Doctor (1999). I am a member of the Maryland Bar and practice political law.
You can follow me on Twitter @altondrew. You can email me at altondrew@altondrew.com.
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