US | Lethargic Treasury trade persists despite equity losses

Our Fixed Income Focus looks at a lethargic Treasury trade persisting despite equity losses. Bonds led Treasury yields lower, but the flight-to-safety bid was modest as stocks suffered mixed losses.

What you will learn:

  • Stocks tumbled to begin the week in reaction to concerns about the rising number of coronavirus cases in the US and Europe, and as the odds of another economic stimulus package appeared to dim.
  • Our analysis of Joe Biden’s fiscal policy proposals suggest they would provide the US economy with a booster shot.

Topics: United States, Fixed income, US election, Presidential election, US economy, Macro Highlights, North America, Employment

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