SP500 finishes in an upbeat mood, closing above 3000 on Friday. Global equities see similar gains, though many finished Friday with a selloff.
We are still seeing over 2 million new unemployment claims over the week. Drastic unemployment jump is now reflecting in all covered countries.
10 Yr Treasury Benchmarks remain stable over the week, though German and UK benchmarks trend somewhat.
The Gilt curve weakened, dropping to the lowest levels of the month. The Bundesbank curve sees its second week of stronger yields as Germany’s reopening continues.
In commodities, oil closes at 28.5 and metals still in the midst of strong rebound.