October 18, 2017

U.S. Treasury Yield Comparison

Source: U.S. Department of Treasury

Market Recap

The chart above lists yields for U.S. Treasury securities for the current and prior week. Yields on shorter maturities moved higher as market participants saw an increased likelihood of a December rate increase. 

President Trump has been meeting with potential candidates to fill the Chair of the Federal Reserve. The current Chairperson Janet Yellen’s four-year term is over on February 3, 2018. She is a candidate to remain in that role. Also, widely believed to be in consideration are Stanford University Professor John Taylor, former Fed board member Kevin Warsh, current Fed board member Jerome Powell and director of the White House economic council Gary Cohn. 

The Federal Reserve Chair is appointed by the President and confirmed by the U.S. Senate. The Federal Reserve Chair can serve consecutive four-year terms. In addition to selecting a person to fulfill the term of Federal Reserve Chair, three of the Federal Reserve’s seven board member seats are currently vacant. 

The next FOMC meeting is scheduled for October 31st and November 1st.

Sources:,,, Dow Jones News, Financial Times,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, and individual company web sites and press releases.

Leonetti & Associates, LLC views or opinions are as of a certain date and subject to change without notice.  The material contained herein is for informational purposes only and obtained from sources we consider reliable. We make no guarantee as to its accuracy or completeness.  References to specific securities and industries/sectors should not be considered recommendations to buy or sell any security or advisory service.  Past performance is not a guarantee of future rates.