Treasury yields finished the week several bps higher, with the front- and intermediate sector seeing the largest back-up in rates. The 2s10s curve was little changed on the week, but a spike in five-year note yields pushed the 5s30s spread back into inversion territory. As of late Friday afternoon, stocks were mixed on the week with the S&P 500 little changed, the Nasdaq down about 2% and the Dow up about 1%. The dollar was slightly firmer and oil prices were up modestly, but off the highs of the week set on Wednesday.
Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.