DAILY INSIGHTS
Bond markets slowly gaining confidence. The 10-year Treasury yield has crawled only a little bit higher, but it’s moved in the right direction and is now sitting about 0.5% above the 2-year yield, while credit spreads continue to narrow. Bond markets have not shown the economic optimism that stocks have, but signs of a more positive outlook are starting to appear.
What a year so far. 2020 has set many records so far, some good and some bad. From the first recession in more than 10 years to the fastest bear market and then one of the largest rebounds ever, 2020 is a year we will never forget—and it’s only five months old. We share 10 of our favorite charts to explain what has happened so far this year today on the LPL Research blog.
Latest COVID-19 news. On Monday, the rate of positive tests in the United States fell to a new daily low, just over 4% according to COVID-19 Tracking Project data. In Germany, Chancellor Angela Merkel is working on a 100 billion euro pandemic response package. Hong Kong extended some lockdown measures, including a ban on gatherings of more than eight people after COVID-19 cases flared up. Restrictions may be re-imposed in Tokyo after 34 new infections—a three-week high—were reported Tuesday.
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