April 18, 2018

U.S. Treasury Yield Comparison 
Source: U.S. Department of Treasury

Market Recap 

The chart above lists yields for U.S. Treasury securities as of last week and yesterday.  The yield curve as measured by the difference between the two-year maturity yield and the ten-year maturity yield flattened on the week to 0.41%. 

President Trump nominated Richard Clarida and Michelle Bowman to the Federal Reserve Board on Monday. Richard Clarida was nominated to serve as vice chairman. Clarida formerly was a Columbia University Economics professor, advisor to Pimco investment management and had roles in the U.S. Treasury Department. Michelle Bowman was previously a bank commissioner in Kansas, had roles in her family owned bank as well as positions in the Federal Emergency Management Agency and the Department of Homeland Security. She is nominated for a role as Federal Reserve Governor. Both Clarida and Bowman will need Senate confirmation. 

The next FOMC meeting is scheduled for May 1st and 2nd. 

Sources:,, Dow Jones News,, Investor's Business Daily,,, Thomson Reuters/First Call, U.S. Dept of Treasury, 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 results.