Friday June 5, 2026
Finances
Chewy Announces Earnings
Treasury Yields Fluctuate
U.S. Treasury yields varied early in the week as markets reacted to the latest news surrounding the Iran conflict. Yields rose toward the end of the week as the latest employment data indicate a stable labor market.
Earlier in the week, the United States announced a temporary pause in military action related to the Iran conflict. Markets responded positively to reports that more ships would be permitted to pass through the Strait of Hormuz shipping channel. However, subsequent conflicting negotiation reports have renewed concerns related to inflation, rising gas prices and potential deficits due to continued spending.
"There is still a lot of confusion and lack of clarity about Iran and how long the military operations will last and what the consequences for oil and global trade are," said senior vice president and advisor at Wealthspire Advisors, Oliver Pursche. "Today we are seeing a little bit more negative sentiment seep back into markets."
The benchmark 10-year Treasury note yield opened the week of March 23 at 4.39% and traded as high as 4.43% on Thursday. The 30-year Treasury bond opened the week at 4.94% and traded as high as 4.96% on Thursday.
On Thursday, the U.S. Department of Labor reported that initial claims for unemployment increased by 5,000 to 210,000 for the week ending March 21, in line with economists’ expectations. Continuing claims decreased by 32,000 to 1.82 million.
"It takes time for companies to recognize what a shock like this means for the economy, and then to have the conviction needed to start shedding workers," said chief economist at High Frequency Economics, Carl Weinberg. "Things will decay, we are sure. However, they have not started to decay yet."
The 10-year Treasury note yield finished the week of 3/23 at 4.44% while the 30-year Treasury note yield finished the week at 4.97%.
Mortgage Rates Continue to Climb
Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, March 26. The survey showed mortgage rates increasing for the third week in a row.
This week, the 30-year fixed rate mortgage averaged 6.38%, up from last week’s average of 6.22%. Last year at this time, the 30-year fixed rate mortgage averaged 6.65%.
The 15-year fixed rate mortgage averaged 5.75% this week, up from last week’s 5.54%. During the same week last year, the 15-year fixed rate mortgage averaged 5.89%.
"Mortgage rates this week averaged 6.38%," said chief economist at Freddie Mac, Sam Khater. “The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%.”
Based on published national averages, the savings rate was 0.39% as of 3/16. The one-year CD averaged 1.52%.
Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.
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