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April 29th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Data and Research
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Retirement Confidence Remains High
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One-third of workers who feel less confident cited inflation and the rising cost of living as reasons for less optimism. 
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| ECONOMIC EVENTS |
Interest on a 30-year fixed-rate mortgage averaged 5.10% for the week ending April 28, down from last week when it averaged 5.11%, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 2.98%. Interest on a 15-year fixed-rate mortgage averaged 4.40%, up from last week when it averaged 4.38%. A year ago at this time, the 15-year FRM averaged 2.31%.
In the week ending April 23, the advance figure for seasonally adjusted initial claims for unemployment insurance was 180,000, a decrease of 5,000 from the previous week’s revised level of 185,000, the Labor Department reported. The four-week moving average was 179,750, an increase of 2,250 from the previous week’s revised average of 177,250
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| MARKET MIRROR |
Thursday, the Dow was up 614.46 points (1.85%) to close at 33,916.39, the Nasdaq jumped 382.60 points (3.06%) to 12,871.53, and the S&P 500 increased 103.54 points (2.47%) to close at 4,287.50. The Russell 2000 was up 33.91 points (1.80%) to 1,917.94, and the Wilshire 5000 increased 1,020.96 points (2.44%) to 42,878.30.
The price of the 10-year Treasury note increased 1/32, decreasing its yield to 2.826%. The price of the 30-year Treasury bond was up 27/32, bringing its yield down to 2.895%.
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ONLINE SPECIAL COVERAGE
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PEPs, MEPs and PPPs
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Information about new multiple employer and pooled employer plan rules and pooled plan providers
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Products
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Investment Product and Service Launches
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Dimensional lists three new emerging markets equity ETFs; Allspring Global Investments selects SEI Trust Company to serve as successor trustee for CIT business.
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ON THIS DATE: In 1429, Joan of Arc led Orleans, France, to victory over Britain. In 1813, rubber was patented by J.F. Hummel. In 1852, the first edition of Peter Roget’s Thesaurus was published. In 1854, the first African American college, Ashmun Institute, was chartered. In 1861, New Orleans fell to Union forces during the Civil War. In 1929, Cleveland became the first MLB team to play with numbers on the back of jerseys. In 1961. ABC’s “Wide World of Sports” premiered. In 1990, the destruction of the Berlin Wall was begun. In 2004, the World War II Memorial opened in Washington, D.C., to thousands of visitors. In 2011, Britain’s Prince William wed Kate Middleton.
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