Sector Update

July 6, 2021



This week’s Sector Update is abbreviated for the holiday-shortened week and will resume in full next Monday. In addition to our weekly Yield and Spread Snapshot, we have made a quarterly version available here.





Upcoming Webinars – (1 hour CPE available)

7/13: 3rd Quarter Economic Outlook Webinar


Today – Yields continue to fall, curve continues to flatten, and equities show weakness


Yields end week lower – led by longer maturities in a bull-flat move


2- and 5-Year off recent highs of the year


Yield Curve Shape – 2s-5s at lower end of recent range, 2s-10s continues flattening







What We’re Reading


Market Today | Daily

Weekly Recap | Weekly, Friday

Brokered Deposit Rate Indications | Weekly, Monday

Investment Alternatives Matrix | Weekly, Tuesday

MBS Prepay Commentary (June) | Monthly, 5th business day

SBA Prepay Commentary (June) | Monthly, 10th business day


WSJ: U.S.-Stock Funds Are Up 16% for the Year as Cash Flows In

“Investors put a net $10.0 billion into U.S.-stock mutual funds and exchange-traded funds, and $56.7 billion into international-stock funds, based on Investment Company Institute estimates. As often happens, they invested much more—a net $161.8 billion—in bond funds, partly to protect themselves for the day when the bull market falters.”


Vining Sparks: Coronavirus Chartbook


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The information included herein has been obtained from sources deemed reliable, but it is not in any way guaranteed, and it, together with any opinions expressed, is subject to change at any time. Any and all details offered in this publication are preliminary and are therefore subject to change at any time. This has been prepared for general information purposes only and does not consider the specific investment objectives, financial situation and particular needs of any individual or institution. This information is, by its very nature, incomplete and specifically lacks information critical to making final investment decisions. Investors should seek financial advice as to the appropriateness of investing in any securities or investment strategies mentioned or recommended. The accuracy of the financial projections is dependent on the occurrence of future events which cannot be assured; therefore, the actual results achieved during the projection period may vary from the projections. The firm may have positions, long or short, in any or all securities mentioned. Member FINRA/SIPC.
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