Monetary Policy Update

Treasury Yield Update

Federal Reservce Balance Sheet

• Source: Board of Governors of the Federal Reserve System (US), Assets: Securities Held Outright: Securities Held Outright: Wednesday Level, retrieved from FRED,

Government Consumption and Gross Investment

• U.S. Bureau of Economic Analysis, Real Government Consumption Expenditures and Gross Investment/ Real Government Consumption Expenditures and Gross Investment: State and Local, retrieved from FRED.

Lending

Loan Demand

• Source: Board of Governors of the Federal Reserve System (US), Net Percentage of Domestic Banks Reporting Stronger Demand for Commercial and Industrial Loans from Large and Middle-Market Firms/Qualified Mortgage Non-Jumbo, Non-GSE-Eligible Mortgage Loans, retrieved from FRED.

Lending Standards

• Source: Board of Governors of the Federal Reserve System (US), Net Percentage of Domestic Banks Tightening Standards for Commercial and Industrial Loans to Large and Middle-Market Firms/Credit Card Loans, retrieved from FRED.

Loan Delinquency Rates

• Source: Board of Governors of the Federal Reserve System (US), Delinquency Rate on Business Loans, All Commercial Banks/Single-Family Residential Mortgages, Booked in Domestic Offices/Consumer Loans, All Commercial Banks, retrieved from FRED.

• Document Build: 06:56 PM, April 16, 2025