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Market Commentary

June 2020

Increased Virus Spread Curtails Nascent Recovery

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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Bonds Stay in Tight Range As Unemployment Remains High

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...

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Rates Decline As Strong Payrolls Report Not Supported By New Data

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.

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