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.
Alton Drew 