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%.
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