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The S&P 500 finished the week ending Oct. 11 with another record-breaking rally, up 0.97% from last Friday. The index just notched a new all-time closing high and is now up 22.61% year-to-date.
The yield on the 10-year note ended October 4, 2024 at 3.98%, the 2-year note ended at 3.93%, and the 30-year at 4.26%. Here is a table showing the yields' highs and lows and the FFR since 2007.
This article looks at a long-term perspective on Treasury yields. The chart below shows the 10-year constant-maturity yield since 1962 along with the Fed funds rate (FFR) and inflation.
The S&P 500 finished the week ending September 27, up 0.62% from last Friday. The index is currently 0.13% off its record close from September 26th, 2024 and is now up 20.99% year-to-date.
The S&P 500 finished the week ending September 13 up 4.02% from last Friday. The index is currently 0.73% off its record close from July 16th, 2024 and is now up 18.62% year-to-date.
For investors seeking momentum, iShares 1-3 Year Treasury Bond ETF SHY is probably on the radar. The fund just hit a 52-week high and is up 3% from its 52-week low price of $80.62/share.
The iShares 1-3 Year Treasury Bond ETF is a low-duration, zero-credit-risk fixed-income ETF, but other ETFs offer lower expense ratios. Falling oil prices since August may significantly impact CPI figures and consumer inflation expectations, potentially leading to Fed rate cuts. The decline in oil prices, driven by supply factors and slowing industrial demand, could help tame inflation and influence Fed policy.
The yield on the 10-year note ended September 6, 2024 at 3.72%, the 2-year note ended at 3.66%, and the 30-year at 4.03%. Here is a table showing the yields' highs and lows and the FFR since 2007.
The S&P 500 capped off the month of August just below its record high, finishing up 0.24% from last Friday. The index is currently 0.33% off its record close from July 16th, 2024 and is now up 19.09% year-to-date.
The S&P 500 ended a choppy week on Wall Street higher, finishing up 1.5% from last Friday. The index is currently 0.58% off its record high from July 16th, 2024 and is now up 18.80% year to date.