Daily Market Commentary

March 25, 2020

Bonds
The imminent increase in U.S. borrowing needs, while likely to be met initially by increased bill issuance, will also entail larger note and bond auction sizes beginning with the May refunding, Barclays strategists Anshul Pradhan and Andres Mok says.

Economy
The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

Global
The Trump administration is debating whether to defer payments of duties on imported goods from around the world for three months, people familiar with the talks said.

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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