Rates have remained mostly range bound as risk-on assets have approached record highs over the last week...
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Both Treasury yields and equity markets edged lower during the week, as the exuberance over positive vaccine news turned to concern over the impact the current surge in infections will have on the economy...
Interest rate markets were volatile during this holiday-shortened post-election week, with the long end of the curve adding as much as 15 bps before giving back some of those gains...
Treasury yields ended the marginally lower as the week's election results seem likely to result in a smaller level of federal stimulus than was previously anticipated...