Daily Market Commentary

November 24, 2021

Bonds & Stocks
Treasuries continue to leak lower led by front-end and belly of the curve, with 5-year yield reaching highest since February 2020, 2-year since March 2020.

Economy
Initial jobless claims fell to 199k in the week ended Nov. 20, from 270k prior. The consensus expected a decline to 260k. The four-week moving average declined to 252k.

World
The supply crunch that's helped drive inflation to multi-decade highs shows some signs of easing in the U.S. - but it's still getting worse in Europe.

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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