Market Updates

Weekly Economic Update: November 2nd, 2020

• Treasury yields finished the week flat as the two-year Treasury note increased by one basis point to 0.17% while the five-year note remained at 0.38%.

• Stocks fell the most since March as election uncertainties mount, virus cases spike globally, and as Germany and England announced new lockdown restrictions.

• GDP growth slightly beat expectations for the third quarter registering at 33.1%, approximately two-thirds of the GDP output losses that occurred in the second quarter have now been recovered.

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