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.