Daily Market Commentary

March 5, 2021

Bonds & Stocks
Treasury yields & Stocks climbed after a surprisingly strong jobs report added to evidence the economic recovery is gaining momentum.

Economy
Payrolls increased 379,000 after an upwardly revised 166,000 January increase, according to a Labor Department report Friday. Economists in a Bloomberg survey projected a 200,000 February gain. The unemployment rate dropped to 6.2%.

World
Regulators kicked off the final countdown for the London interbank offered rate Friday, ordering banks to be ready for the end of a much maligned benchmark that's been at the heart of the international financial system for decades.

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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