Daily Market Commentary

February 23, 2021

Bonds & Stocks
Expectations of more economic stimulus from the Biden administration and positive signs on containing Covid-19 are pushing rates higher globally, with the U.S. benchmark 10-year yield hitting a one-year high of 1.39% in Asia trading.

Economy
Democrats begin the final push for President Joe Biden’s $1.9 trillion stimulus bill this week, dropping any pretense of bipartisanship to quickly pass the package before an earlier round of benefits runs out.

World
China urged the Biden administration to take steps to “build up goodwill,” including removing tariffs and sanctions, as Beijing continued to put the onus on Washington to repair their fractured relationship.

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.

Today, Tomorrow, Together