Daily Market Commentary

May 4, 2021

Bonds & Stocks
U.S. junk-bond yields dropped to an all-time low of 3.88% Monday while spreads hit the tightest level in nearly 14 years as a strong rally continues across all ratings buckets in the market.

The key benchmark that the Federal Reserve targets to control monetary policy rebounded from almost one-year low, reducing the possibility that the central bank might choose to tinker with some of the tools it uses to control it.

The U.K.'s economic rebound from the pandemic is already fueling speculation that Bank of England policy makers this week will start discussing how and when they can ease their foot off the stimulus pedal.

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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