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The S&P 500 rallied 1.2% on Friday to reach a new record high. The index surpassed its previous record close from January 3, 2022 and is currently up 2.04% year to date.

The S&P 500 rebounded this week, finishing 1.84% up from last Friday. The index is currently up 0.86% year to date.

The S&P 500 started off 2024 by snapping its 9-week win streak, finishing 1.52% down from last Friday. The index is currently down 0.96% year to date and is 2.07% below its record close from January 3, 2022.

This article takes a look 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 yield on the 10-year note ended December 29, 2023 at 3.88%, the 2-year note ended at 4.23%, 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 finished up 0.3% from last Friday, leading to the index's ninth consecutive week of gains. The index now sits just 0.56% below its record close from January 3, 2022 and ended the year up 24.73%.

Wall Street witnessed an upbeat December due to moderation in inflationary pressures, the likelihood of Fed rate cuts in 2024 and decent corporate earnings.

The S&P 500 finished up 2.5% from last Friday, leading to the index's seventh consecutive week of gains. The index now sits just 1.61% below its record close from January 3, 2022 and is currently up 23.41% year to date.

The S&P 500 posted its highest close of the year on Friday and now sits just 4.01% below its record close from January 3, 2022. A late week rally led the index to its sixth consecutive week of gains.

The yield on the 10-year note ended December 8, 2023 at 4.23%, the 2-year note ended at 4.71%, and the 30-year at 4.31%. Here is a table showing the yields' highs and lows and the FFR since 2007.