Market Updates

• Treasury yields slipped during the week as the five-year note fell by five basis points to 0.37% while the two-year note decreased by two basis points to 0.13%.

• Initial jobless claims rose by 137 thousand over the first week of December marking the largest one-week increase since March, when most state and local governments first imposed lockdown restrictions.

• As virus cases go unchecked, lawmakers remain divided over and have yet to pass a much needed, additional stimulus bill.