Stocks are falling Friday as investors remain concerned about the state of the banking sector. Despite the volatility, all 3 major averages are on track to post weekly gains. The S&P is on pace for its best week since Jan and the Nasdaq since Nov.

For economic data, industrial production was flat in Feb, matching expectations. The manufacturing sector was up 0.1% for the month. Capacity utilization was also fat from the Jan level at 78.0%.

The initial March University of Michigan Consumer Sentiment Index fell to 63.4, versus expected 66.9. Both current conditions and expectations were lower than expected. Year-ahead inflation expectations were 3.8%, down from 4.1% last month.

Treasury yields are lower, with the 2-year T yield down 9.2 basis points to 4.04%, the 5-year T yield down 15.6 basis points to 3.58%, and the 10-year T yield down 11.7 basis points to 3.47%. Advance rates are mostly lower from yesterday’s final levels. With current market volatility, be sure to check the FHLB website for the latest rate indications.