Weekly Update:

Good morning!

The current government shut down has now become the longest ever.  All nonessential services are furloughed until the government opens.   Some employees, like the TSA, are working and not getting paid.   Economic activity will decline with the government closed.

The yield curve remains inverted with the following US Treasury yields:

1 year = 2.55

2 year = 2.51

3 year = 2.48

An inverted yield curve is normally a precursor to tighter net interest margins.  Please contact your McQueen financial advisor to discuss ways to improve your margin.

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