Page 44 - MayDefComp

U.S. Interest Rates and the Yield Curve

12/31/2019 Basis Points (bps) Basis Points (bps) 1 Year Ago Change ‐ 1 Yr Ago Change ‐ QTD ‐225 bps ‐150 bps 2.50% 1.75% ‐210 bps ‐135 bps 2.33% 1.58% ‐194 bps ‐132 bps 2.31% 1.69% ‐179 bps ‐122 bps 2.49% 1.92% ‐156 bps ‐110 bps 2.71% 2.25% ‐154 bps ‐104 bps 2.89% 2.39% Treasury yields. Past performance does not guarantee future results.

3/31/2020 0.25% 0.23% 0.37% 0.70% 1.15% 1.35%

as of 03/31/2020 Fed Funds 2 Years 5 Years 10 Years 20 Years 30 Years Source: FRED, 03/31/2020. Data shown are on-the-run