MFA Musings: 10/9/18
The ground is rising.
Chicken Little is famous from her quote “The sky is falling.”
Today, I would like to start a famous quote “The ground is rising.”
The US Treasury yields propelled upwards last week as the economy continues to be very strong.
The US Jobless rate declined to a 48-year low. The unemployment rate is at 3.70%. Wow, low.
The 10-year US Treasury increased to 3.23%, and the 2-year US Treasury yield increased to 2.88%.
The spread also increased to 35 basis points, up from 18 basis points. This move will result in higher deposit costs and hopefully higher loan rates.
Are you prepared for your cost of funds to increase? Are you increasing your loan yields? Contact your advisor to discuss ways to grow in this competitive market. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week.