Week in Review 4/17/20

Initial jobless claims still at record levels with 5.2 million applications. 10 yr Treasuries end week back near April lows.

SP500 closes week with modest gains.

FED asset purchases soften this week, most significantly in Repo purchases.

Treasury curve weakens, most notably in the short end.

AAA credit spreads return to pre-outbreak levels, but junk and EM still show elevated risk.

In commodities, oil settling in at 20 dollars a barrel. Metals continue to bounce back but agricultural products remain depressed.

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