Interest Rates The yield on a 10-year US Treasury Bill rose to 1.13% as of Friday, January 8th, 2021— the highest level since March 18th, 2020. The yield curve, a measure of interest rate differences between short dated and long-dated securities, has similarly...

New Stimulus Agreement Congress agreed to a $900B relief package on December 20th, and the legislation passed both chambers on December 21st. Assuming it is signed into law, the bill will include $600 direct payments to each adult plus an additional $600 per child per...

Unemployment The Civilian Unemployment Rate (U-3) fell from 6.9% in October to 6.7% in November. The 0.2% monthover-month decline is the slowest rate of improvement since the Spring shutdown. While improvement is slowing, U-3 has recovered by 8.0% since April, when...