Source: US Dept. of Treasury End of Day
• Treasury yields fell during the week as the two-year note decreased by two basis points to 0.16% while the five-year note decreased by four basis points to 0.37%.
• Despite positive news on the vaccine front, the job market continues to soften as new cases and hospitalizations surge to record numbers forcing more stringent and widespread lockdowns across the country.
• Pandemic related assistance programs being received by 13 million Americans are set to expire at year end, and without further fiscal aid, the ongoing recovery will become significantly more difficult to sustain.
