Weekly Economic Update: March 30th, 2020
• Bond yields fell last week as the two-year Treasury note declined by 7 basis points to 0.25% while the five-year Treasury note dropped 6 basis points ending the week at 0.40%.
• Congress passed a $2 trillion relief package aimed at curbing the economic fallout, but questions remain as to how long the stimulus can keep households solvent.
• With the outlook of the pandemic unknown, the near-term outlook of the economy is grim. As stores continue to close and layoffs continue to force millions out of work the economy can not begin to rebound until health officials can contain the ongoing health crisis.