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Financial Markets Overview

Prepared & Presented by the Investment Team of the Pooled Money Investment Board - State of Kansas

Rolling Economic Calendar:  October 31st - November 28th

Fed Focus: Last Update on 12/14/2022 (Next FOMC Meeting: January 31-February 1, 2023)
Glossary of "Key" Economic Indicators


A Picture of the Traditional Wall Street Bull & Bear (in Crystal)...

    For Wednesday, November 29th, 2023
The "Rate Grid"
 

U.S. Treasury Securities

Yield:
11/29/2023
(8:02 AM)

State of Kansas "Investment Rates"

Rates:
Week of 11/27/2023

Kansas "MIP"
Fixed-Rate
Options

MIP
Rates:

11/29/2023
1-Mo. T-Bill    (01/02/2023) 5.375 1-89 Days
5.33
FX-30
(30-89 Days)
4.83%
3-Mo. T-Bill    (02/29/2024) 5.401
3-Months
5.42 FX-90
(90-179 Days)
4.92%
6-Mo. T-Bill    (05/30/2024)  5.413
6-Months
5.41 FX-180
(180 Days)
4.91%
1-Yr. T-Bill (11/29/2024) 5.131
1-Year
5.23 FX-365
(365 Days)
4.73%
18-Mo. T-Note (04/2025) 4.932 18-Months 5.10
FX-550
(550-723 Days)
4.60%
2-Yr. T-Note (11/2025) 4.670 2-Years 4.90 FX-730
(724-730 Days)
4.40%

Short-Term Interest Rate Barometers

  FOMC Benchmark Rates (Last Changed on 12/14/2022):
  • Fed Funds Target (Range): 4.25% - 4.50%
  • Prime Credit (Discount) Rate: 4.50%
  • Interest Rate on Excess Reserves (IOER): 4.40%

  U.S. Prime Rate ("Best" customers Lending Rate; last change on 12/15/2022): 7.50%


 Fed Fund Futures (at CLOSE; 11/29/2023)

Feb '24: 94.675 Apr '24: 94.800 Jul '24: 95.145

SOFR Rates (at OPEN; 11/29/2023)

1-Month: 5.34 3-Month: 5.38 6-Month: 5.37

U.S. Equity Indices: 11/29/2023
Closing Level Daily Change YTD % Return
DJIA 35,430.42 +13.44 +4.66%
S&P 500 4,550.58 -4.31 +14.98%
NASDAQ 14,258.49 -23.27 +29.81%

U.S. Commodity Futures: 11/29/2023
Closing Level Daily Change
Crude Oil (Per Barrel); Jan Contract 77.86 +1.45
Gold (Per Troy ounce); Dec Contract 2,047.10 +7.10
Reuters/Jefferies CRB Index 275.4432 +1.7692


This material is gathered from various sources and is presented for general information purposes only. 
   
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