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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:  May 2nd - June 2nd

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 Friday, June 2nd, 2023
The "Rate Grid"
 

U.S. Treasury Securities

Yield:
06/02/2023
(8:05 AM)

State of Kansas "Investment Rates"

Rates:
Week of 05/30/2023

Kansas "MIP"
Fixed-Rate
Options

MIP
Rates:

06/02/2023
1-Mo. T-Bill    (07/05/2023) 5.099 1-89 Days
5.08 FX-30
(30-89 Days)
4.58%
3-Mo. T-Bill    (08/31/2023) 5.375
3-Months
5.18 FX-90
(90-179 Days)
4.68%
6-Mo. T-Bill    (11/30/2023)  5.457
6-Months
5.21 FX-180
(180 Days)
4.71%
1-Yr. T-Bill (05/16/2024) 5.192
1-Year
5.09 FX-365
(365 Days)
4.59%
18-Mo. T-Note (12/2024) 4.695 18-Months 4.71
FX-550
(550-723 Days)
4.21%
2-Yr. T-Note (05/2025) 4.416 2-Years 4.42 FX-730
(724-730 Days)
3.92%

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; 06/02/2023)

Aug '23: 94.705 Oct '23: 94.735 Jan '24: 94.995

SOFR Rates (at OPEN; 06/02/2023)

1-Month: 5.14 3-Month: 5.23 6-Month: 5.25

U.S. Equity Indices: 06/02/2023
Closing Level Daily Change YTD % Return
DJIA 33,762.76 +701.19 +1.86%
S&P 500 4,282.37 +61.35 +11.53%
NASDAQ 13,240.77 +139.79 +26.51%

U.S. Commodity Futures: 06/02/2023
Closing Level Daily Change
Crude Oil (Per Barrel); Jul Contract $71.74 +1.64
Gold (Per Troy ounce); Jun Contract $1,952.40 -25.60
Reuters/Jefferies CRB Index 259.6874 +2.3211


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