Week in Review 01/29/2021

Down week in market global equity markets.

The level of new initial jobless claims drops slightly to 847k.

10 Yr Treasuries yields continue to drop after Jan 8 spike. Fed fund rates drops another basis point this week.

The Fed’s overall asset purchase level decreased from previous week’s level, though Treasuries purchase continue to expand at a steady clip.

Spreads on CCC rated bonds has recovered well past pre-pandemic levels and are reaching historical lows.

Opec oil price holds steady at around $55. Metals consolidate as well.

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