The Daily Advisor: December 20, 2024

Three Things To Know Today

1. Community First December 2024 Newsletter
The December edition of our Community First Newsletter is available! Learn the latest happenings from our Community Investment team, including Accelerate Grant highlights, an AHP announcement,  upcoming events, and more.

2. Christmas and New Year's | Holiday Hours
In observance of Christmas and New Year’s, FHLBank Chicago and the Mortgage Partnership Finance® (MPF®) Program have amended hours on Tuesday, December 24; Wednesday, December 25; Tuesday, December 31; and Wednesday, January 1.

3. The MPF Program’s 2025 Investor Reporting Calendars
To assist servicers with the investor reporting due dates, the MPF Program published its 2025 MPF Investor Reporting calendars. Visit fhlbmpf.com to learn more.

 

Market Commentary

Equity markets closed near the flatline on Thursday after an initial rise, following a Fed-induced sell-off the previous day. Utilities and financials led the S&P 500, while real estate lagged due to rising bond yields. Third-quarter gross domestic product (GDP) growth was revised up to 3.1%, and initial jobless claims were lower than expected. Longer-term bond yields continued to rise, with the 10-year Treasury yield closing above 4.5%.

 

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.

Contact your Sales Director for more information.

*Required Fields