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.

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.

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.

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