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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 - 4/16/2021

U.S. stocks edged higher Friday as both the DJIA and S&P 500 set new all-time highs amid strong corporate earnings. Looking at economic data Friday, housing starts surged 19% in March to 1.74 million, well above expectations after a slowdown caused by weather in February. Building permits also rose during the month, increasing 2.7% to an annual rate of 1.77 million. Elsewhere, the preliminary University of Michigan Consumer Sentiment Index rose to 86.5 in April, 1.6 points higher than the final March reading. The current conditions component saw an increase, while the expectations component was unchanged.

U.S. Treasury yields are higher this morning, with the 2-year Treasury yield up 0.4 basis points to 0.16%, the 5-year Treasury yield up 2.9 basis points to 0.82% and the 10-year Treasury yield up 4.3 basis points to 1.57%. Advance rates are lower throughout the curve today.

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Educational Resources

Q4 2020 Economic Update Article Q4 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. 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.

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