Interest Rates, Treasuries, and Inflation

Last week, the Presidents’ Day holiday meant markets were only open for 4 trading days, and during that time, we received comparatively few economic reports.  Nonetheless, major domestic indexes showed considerable volatility and posted losses for 3 straight days.  By Friday, however, stocks rebounded and ended the week in positive territory.  For the week, the S&P 500 gained 0.55%, the Dow added 0.36%, and the NASDAQ was up 1.35%.  International stocks in the MSCI EAFE lost ground, dropping 0.50%.

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