From the Desk

This daily newsletter conveniently delivers financial and economic commentary from around the globe, updated FHLB Des Moines advance rates and Bank announcements right to your inbox.

Recent Economic Commentary

Brandon Casey, Member Strategist - 5/17/2024

U.S. stocks are higher to open the last trading day of the week. The DJIA briefly topped 4,000 during intraday trading yesterday, before ultimately finishing lower. Both the S&P 500 and Nasdaq also finished lower on Thursday, though the Nasdaq also reached an all-time high during the day. Despite the down session yesterday, all three major averages appear to be headed towards a winning week.

U.S. Treasury yields are higher this morning, with the 2-year Treasury yield up 0.6 basis points to 4.80%, the 5-year Treasury yield up 1.8 basis points to 4.42%, and the 10-year Treasury yield up 2.3 basis points to 4.40%. Longer-term advance rates are higher today.

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