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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 - 1/22/2021

U.S. equities are slightly lower this morning with both the DJIA and S&P 500 retreating from record closes. Investors are beginning to reconsider the likelihood that Biden’s Covid relief plan will get through Congress after some members questioned the need for additional stimulus. Looking at economic data today, existing home sales unexpectedly rose 0.7% in December to an annual rate of 6.76 million despite record low inventory. Elsewhere, both the U.S. Markit Manufacturing and Services PMI preliminary January readings unexpectedly rose to readings of 59.1 and 57.5, respectively.

U.S. Treasury yields are slightly lower this morning, with the 2-year Treasury down 0.4 basis points to 0.12%, the 5-year Treasury yield down 0.8 basis points to 0.44% and the 10-year Treasury yield down 1.3 basis points to 1.09%. Advance rates are flat or slightly lower throughout much of the curve today.

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Educational Resources

Q3 2020 Economic Update Article Q3 2020 Economic Update Each quarter our Member Strategies Team takes an in-depth look at the economic issues facing the nation while providing a unique commentary on the effects they may have on our members. Don't Let Current Liquidity Be “the Tail that Wags the Dog!” Video/Webinar Don't Let Current Liquidity Be “the Tail that Wags the Dog!” Yes, there is a liquidity crisis, just not the one most financial institutions anticipated…too much current liquidity. This webinar features Darling Consulting Group addressing key approaches for liquidity management in today's challenging environment. Q2 2020 Economic Update Article Q2 2020 Economic Update Each quarter our Member Strategies Team takes an in-depth look at the economic issues facing the nation while providing a unique commentary on the effects they may have on our members. Q1 2020 Economic Update Article Q1 2020 Economic Update Each quarter our Member Strategies Team takes an in-depth look at the economic issues facing the nation while providing a unique commentary on the effects they may have on our members.

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