Week in Review 4/10/20

Covered equity indices seem to be on upswing, perhaps on hopes that the COVID cases are flattening and on a softening US dollar. The gains seem to be slowing around similar zones of structure, though the holiday weekend may be playing a part.

Another economic headline on the week was the jump to 6.6 million initial jobless claims. Recession models used by major news outlets have hit 100% likelihood, though the unprecedented jobless claims numbers may skew the models.

US yield curve flattening slightly as short term yields rise, balanced by softer long term yields.

AAA yields continue to tighten.

OPEC crude holds steady after last weeks bounce, while metals and agri commodities rally.

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