2 Year Treasury Rate (2024)

As a seasoned financial analyst with a deep understanding of economic indicators and interest rates, I bring forth my expertise to dissect the intricacies of the 2 Year Treasury Rate data presented for December 21, 2023.

The 2 Year Treasury Rate, a critical component in the financial landscape, stands at 4.33% on December 21, 2023. To provide context, this figure is marginally lower than the previous market day's rate of 4.34% and exhibits a slight increase from the rate recorded on the same day last year, which was 4.21%.

It's noteworthy that this current rate is below the long-term average of 5.00%, signifying a deviation from the historical norm. This variance could be indicative of various economic factors, and a comprehensive analysis would involve delving into broader economic conditions and monetary policy considerations.

Examining the statistical details, the last update for this data set was on December 22, 2023, at 16:25 EST. The frequency of updates is daily, underlining the dynamic nature of interest rate movements.

Digging deeper into the historical data, this dataset allows for a retrospective analysis dating back to 1976. The ability to trace interest rate trends over such an extensive period is invaluable for understanding the cyclical nature of economic conditions and the potential impact on financial markets.

The report derives its data from the Federal Reserve, a key player in shaping and implementing monetary policy in the United States. The reliability and credibility of the source contribute significantly to the robustness of the information presented.

Now, let's explore some specific metrics:

• Change from The Previous Market Day: The rate decreased by -0.23% from the previous market day, reflecting short-term fluctuations that might be influenced by immediate market conditions.

• Change from 1 Year Ago: The rate has experienced a 2.85% increase from the same day last year, indicating a shift in the interest rate environment over the past year.

• Long Term Average: The long-term average of 5.00% serves as a benchmark, allowing for a comparative assessment of the current rate against historical norms.

• Average Growth Rate: The average growth rate of 13.83% provides insights into the overall trend in the 2 Year Treasury Rate over time.

This data, categorized under "Interest Rates" in the "Report H.15 Selected Interest Rates" by the Federal Reserve, is pivotal for investors, policymakers, and analysts alike. It serves as a barometer for economic health, influencing investment decisions, and offering a glimpse into the broader financial landscape. As we await the next release on December 26, 2023, at 16:15 EST, it becomes imperative to continue monitoring these figures for a comprehensive understanding of the evolving economic scenario.