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Market Commentary

July 2020

Rates Sink to New Lows on Record GDP Decline

A slate of weak economic data and a dour assessment of the economy by Fed Chair Powell pushed rates to new lows, as Treasury yields declined by three to five bps...

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Jobless Claims Increase as Markets Wait on Additional Stimulus

As coronavirus cases continued to surge, fixed income yields ground tighter while US equities ended the week slightly lower...

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Yields Lower, Stocks Higher on Hopes of Vaccine

Bond yields continued to grind lower this week as equity prices rose on hopes that a coronavirus vaccine breakthrough will come sooner than previously expected..

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Rising Coronavirus Infections Threaten Recovery

In a repeat of last week, rising levels of coronavirus infections overshadowed a mixed slate of economic releases, leading to uneven results in the financial markets...

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