Week in Review 03/05/2021

Commodity prices stall, including oil. Broader energy market ends week on positive note though.

Global equity indices have another indecisive week.

In the US, Initial Claims slightly up at 745k this week vs 730k last week.

Fed in a down MBS purchase cycle but Treasury purchases continue at a steady pace.

In credit markets, spreads between risk classes tighten as issuances chase Treasury yields.

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