A partial recovery in some economic data was offset this week by a resurgence in new Covid infections, which is curtailing efforts to reopen the American economy...
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Bond yields traded in a relatively tight range this week, with Treasury yields across the curve ending within one bps of last Friday's closing levels...
Rates declined signficantly this week as last week's robust payrolls data increasingly appears to have overstated the health of the U.S. labor market and economy.
A gradual increase in market yields early in the week got a boost on Friday as an unexpectedly bullish monthly payrolls report boosted yields