Week in Review 10/16/2020

Equity indices see a general risk off week, though net price action ends up pretty flat for many.

September US CPI levels now above pre-lockdown highs, while US Initial Jobless Claims comes in higher then expected at nearly 900k.

10 year benchmark yields drop on the week. Federal budget deficit largely unchanged from August.

In US housing, seasonal effects dampen New Building Permits, Housing Starts and Real Estate Loan Levels.

FED balance sheet continues to expand on the backs of Treasury and MBS purchases.

In commodities, Agri prices continue to trend up, while Energy and Metals flat.

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