Most equity markets traded sideways on a week of mostly rehashed news, going into upcoming holiday week.
US Initial Jobless claims rose to 742k as the pandemic resurgence starts to factor into the lagged economic markets. US CPI flat.
10 Yr Treasury yields drop on added demand, perhaps a premonition for an upcoming risk off sentiment.
New Building Permits dropped in the US, though real estate loan levels did see an uptick.
FED continues balance sheet expansion, including an increase in MBS purchases in the past week.
We continue to see tightening spreads in credit markets, especially on the high grade side.
In commodities, Metals and Agricultural products continue to rally while Energy continues to lag.