Markets Continue to Wander

Despite yesterday’s Senate passage of a paid-leave bill that has since been signed into law, investors remain nervous, cautious, fearful, and uncertain. Some of that is always with us, but seldom to this degree. Equities are experiencing another sell-off as bonds rally. The Treasury’s Ten-Year is up over a point and yielding a few basis points north of 1%. The Long Bond’s yield so far is around 1.75%. Jobless Claims came in a little high at 281k (220k was expected), and will likely get higher in the coming weeks. This morning’s tally reflects the week ending March 14, and does not reflect the more drastic anti-viral steps taken nationwide since then. A potential $1Trillion dollar aid package is still being debated among administration officials and legislators.