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Market Commentary

May 2020

Rates Slightly Changed on China Escalation, Economic Data

The yield curve flattened slightly during this holiday-shortened week as markets responded to news of a slowing increase in coronavirus spread,...

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Markets Calm as Rates rise Slightly

Financial markets were relatively calm this week, with bond yields rising one to two bps as volatility continued to recede heading into the Memorial Day weekend...

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April Jobs Report Confirms Record Unemployment, Yields Mixed

Treasury yields were mixed this week while equity markets were resurgent as the S&P 500 added over 3%...

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Curve Steepens Slightly As Data Shows COVID Impact

The financial markets were relatively calm this week, despite evidence of the havoc wreaked by the coronavirus-induced shutdown apparent in the week's economic data...

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