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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 - 5/19/2025

U.S. stocks are lower to kick off the week but have since clawed back some of those early losses. Investors are reacting to the U.S. credit rating being downgraded by Moody’s from Aa1 to Aaa on Friday. The agency cited the growing U.S. deficit as a reason for the downgrade. All three major averages were higher last week, led by the Nasdaq increasing 7%.

U.S. Treasury yields are higher this morning this morning, with the 2-year Treasury up 1.3% basis points to 4.00%, the 5-year Treasury yield up 4.1 basis points to 4.10%, and the 10-year Treasury yield up 7.4 basis points to 4.51%. Longer-term advance rates are higher today.

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