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.
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