BAS Presentations - March 2023

3/1/2023

Short- and Long-Term Interest Rates are Rising (Yield Curve)

5.0%

4.0%

1/31/2023

3.0%

3/31/2021 3/31/2022

2.0%

Yield

3/31/2020

1.0%

1m 2m 3m 6m 1y

2y

3y

5y

7y

10y

20y

30y

Maturity

5

Last time the Fed fought inflation!

Average Federal Funds Rate since 1955 is 4.65%

6

3