SP500 ends week lower despite positive days on Thursday and Friday. US officials have pledged additional stimulus in the face of continuing macroeconomic deterioration.
10 yr Treasuries remain constrained, as does the broad Dollar Index.
Fed Fund rate remains near zero.
Stimulus costs are starting to materialize in data.
US housing sector indicators reflect decline across the board.
Abroad, we are seeing unemployment situation materialize in the data as well.
UK government yields soften against Treasury yields.
Oil sees second week of price increases, though broader energy benchmark seems stuck.