Credit Market Report

February 17, 2017


Treasury yields snap 5-day streak of gains: Treasury yields declined on Thursday after rising for five straight sessions.

Influencing Factors:

  • Some market participants attributed the move to investors being lured into picking up bonds at a lower price, pushing up prices and nudging yields lower.
  • The pull back for yields also comes as the U.S. stock market, one proxy for risk appetite on Wall Street compared with the perceived safety of government bonds, retreated from a run of record closes drawing some haven bids.
  • Federal Reserve Vice Chairman Stanley Fischer said during an interview with Bloomberg News early Thursday that the central bank sees signs of strengthening in the economy and “is a little more confident about where we’re going and how soon we’ll get to full employment with stable prices.”.

Fixed Rate Indices

Maturity Coupon Yield Change
2-year... 01/19 1 1/8% 1.210% ( - )
5-year... 01/22 1 7/8% 1.940% ( - )
7-year 01/24 2 2/8% 2.260%

( - ) 

10-year 02/27 2 2/8% 2.450% ( - )
30-year 02/47 3 0/8% 3.050% ( - )
Treasury Rates are as of 02-16-2017 as reported by The Wall Street Journal.

Prime Rate

Prime... 3.75%
Last effective change 12-15-2016

Floating Rate Indices

30-day LIBOR..... 0.78056%
90-day LIBOR..... 1.05650%
6-month LIBOR... 1.36378%
1-year LIBOR...... 1.74511%

London Interbank Offered Rates are as of 02-16-2017 as reported by The Wall Street Journal.

Spread Markets

Maturity Spreads Rate
2-year SWAP.... 33.90 bps 1.5490%
5-year SWAP.... 6.70 bps 2.0070%
7-year SWAP.... -7.40 bps 2.1860%
10-year SWAP... -8.20 bps 2.3680%

SWAP Rates are as of 02-16-2017 as reported by ©theFinancials.com.