General market news
The world is battling COVID-19, and we don’t yet know the negative effects it will have on society and the economy. We should expect to see high levels of volatility until we as a nation have a better grasp on the times. Two weeks ago, the 10-year Treasury yield was at a historical low of 0.31 percent. It spiked to 1.27 percent last week but opened at 0.80 percent Monday morning. To try to offset some of the damage, the Federal Reserve cut rates, and Congress is discussing an unprecedented stimulus package to influence the markets going forward.
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