Week in Review 02/07/2021

Most major indices end higher or flat on the week, with the S & P 500 reaching new all time highs.

In the US, initial claims drop to 779k.

Benchmark Treasuries yields rise back to mid-January highs.

Manufacturing confidence down slightly, while services sentiment rises.

Bit of a flat week for Fed balance sheet reflecting a slowdown in rate of asset purchase increases.

Subprime bond spreads continue to tighten.

In commodities, oil approaches $60 a barrel while Agricultural and Metal Index prices continue to trade sideways.

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