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Market Commentary

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Wednesday: 07/23/08 5:00 PM EDT :

Oil continued to decline today, giving stocks another lift. Treasuries suffered by comparison but a successful 2-Year Note auction allowed bonds to pare most of their earlier losses.

Market Snapshot

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Weekly Indices

	07/18/08	07/11/08
6 Month CD	3.12%	3.10%
1 Year T-Bill	2.21%	2.25%
2 Year T-Note	2.51%	2.48%
3 Year T-Note	2.82%	2.77%
5 Year T-Note	3.26%	3.18%
10 Year T-Note	3.98%	3.90%
30 Year T-Bond	4.57%	4.47%

Secondary Market

Req. Net Yields Eff. 07/22

Agencies	30-Day	60-Day
Freddie Mac	6.44%	6.50%
Fannie Mae	6.37%	6.44%

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