May 27, 2020
Treasury rates have moved mostly sideways over the past month with a slight softening at the shorter end and some strengthening at the longer end. Since April 28 the 10 year note has increased 6 basis points to .68%. Short term rates nudged higher by a few basis points and medium term rates are below .50% until you get out to seven years. Ag loan interest rates continue to be very attractive. We have maintained a slight yield curve with the spread today between three month T-bills and 10 year bonds at 53 basis points.
The dollar has remained mostly stable to slightly stronger after seeing some shocks in the early part of March.
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