The Monday Mix: Feb. 22 – 28, 2021

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Headlines discussed at LNWM’s Monday morning briefing:

10-year and 30-year Treasury yields rose sharply in Feb.  — to 1.46% and 2.19%, respectively — on fears that stimulus and post-Covid recovery will trigger inflation. 

US weekly jobless claims dropped sharply to 730,000 but challenges remain, with 19 million Americans receiving unemployment benefits. 

Orders for US durable goods posted the biggest gain in 6 months in Jan, up 3.4% vs. 1% expected.

 — Sales of newly constructed US homes rose 4.3% in Jan. (2x the expected increase) on strong demand due to so few existing homes for sale. 

China’s manufacturing sector slowed for the 3rd month in a row in Feb., falling to just above 50 on key indices (below 50 indicates contraction).

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