Weekly Market Snapshot – October 10th, 2020
Created by: Sam Tenney
- US Government bonds have faced their worse month since June, with yields on the 10-year treasury rising to their 4-month highs of 0.85%. Dan Ivascyn, group chief investment officer at investment firm Pimco, says the 10-year yield could top out at 1.25%¹
- The Bank of England is increasing their current quantitative easing program by $100 billion pounds, to help the British economy during the UK’s second round of Covid-19 lockdowns.²
- Year to date, the 5 largest stocks of the S&P 500 have returned 36%, while the remaining stocks are down -4% year to date. The market run since the bottom of Covid in March has also brought the S&P to the largest p/e ratio since the tech bubble. ³
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