From the Desk

This daily newsletter conveniently delivers financial and economic commentary from around the globe, updated FHLB Des Moines advance rates and Bank announcements right to your inbox.

Recent Economic Commentary

Brandon Casey, Member Strategies - 5/20/2025

U.S. stocks opened lower Tuesday morning, putting the recent rally in jeopardy. Stocks rallied on Monday as the three major averages were able to eke out a small gain. The S&P 500 is coming off a six-day winning week, while the DJIA and Nasdaq have been higher for the last three days.

U.S. Treasury yields are steeper this morning, with the 2-year Treasury down 0.6% basis points to 3.98%, the 5-year Treasury yield up 0.3 basis points to 4.08%, and the 10-year Treasury yield up 2.2 basis points to 4.50%. Longer-term advance rates are lower today.

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