The Daily Advisor: May 7, 2024

Three Things To Know Today 

1. Today at 1 p.m. | eBanking Cash Management Experience Webinar 
It’s not too late to register for our final webinar this afternoon. We'll walk through the latest enhancements made to streamline your internal transfers at FHLBank Chicago and answer any questions. 

2. FHLBank Chicago Declares Q1 2024 Dividend 
On May 3, we declared our Q1 2024 dividend. Log into eBanking through fhlbc.com and view the message center post “FHLBank Chicago Declares Q1 2024 Dividend” to read the member letter from our President and CEO, Michael Ericson. 

3. Advance Discounts Extended Through June 2024 - Call to Take Advantage 
In our ongoing commitment to support your liquidity needs, we are extending our long-term, 5 basis point (bps) discount on callable, fixed-rate, and amortizing advances through the end of the quarter, June 30, 2024. To take advantage of this, you need to call us directly at 855.345.2244, option 1. 

Market Commentary

Equities rallied while Treasuries began the week mostly flat, spending the entire session near Friday's closing levels. The lack of domestic data contributed to the range-bound trade, but overnight saw the release of the April Services PMI readings from major economies, which indicated expanding activity in China, India, Germany, France, Italy, and Spain. Treasures hit their highest afterwards, followed by a reversal into the late morning.

Disclaimer

The data and valuations provided in this document are for information purposes only and are provided as an accommodation and without charge. The Federal Home Loan Bank of Chicago makes no representations or warranties about the accuracy or suitability of any information in this document. This document is not intended to constitute legal, investment, or financial advice or the rendering of legal, consulting, or other professional services of any kind.

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