Daily Market Commentary

April 30, 2021

Bonds & Stocks
The U.S. government's $40 billion sale of four-week bills on Thursday went off with a yield of 0%. The auction last came in at that level in March 2020, when anxious investors were pouring cash into money-market funds at the pandemic's outset.

Economy
About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they'd imagined because of the pandemic, government data show.

World
The euro zone tipped into a double-dip recession in the first quarter, highlighting the cost of slow coronavirus vaccinations that have left the economy lagging far behind the U.S. The feeble economic data show the importance of accelerating inoculations.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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