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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 - 12/13/2024

U.S. stocks are mixed on the last trading day of the week. The S&P 500 and Nasdaq are higher, while the DJIA is marginally lower in early trading. All three major averages are on track to post a losing week.

Looking at economic data today, import prices edged higher 0.1% in November and prices were up 1.3% over the last year, up from 0.6% the previous month. Core import prices, which strip out food and fuel, were unchanged in November. Export prices were also unchanged for the month and were up 0.8% year-over-year, up from 0.1% the previous month.

U.S. Treasury yields are higher this morning, with the 2-year Treasury up 3.2 basis points to 4.22%, the 5-year Treasury yield up 4.0 basis points to 4.22%, and the 10-year Treasury yield up 3.7 basis points to 4.36%. Shorter-term advance rates are lower, while the rest of the curve is higher today.

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