Bond markets resume yield advances and equity markets push stock prices lower following Chairman Powell's remarks 

Rates remained steady through the holidays. Stimulus checks arrive for American consumers as jobless claims rise and a COVID variant arrives in the US. 

Rates closed slightly higher this week after trading in a narrow range throughout the week.

Yields declined across the curve this week, reversing last week's yield curve steepening and sending the closing yield on the 10-year Treasury below 90 bps..