The key driver last week was the US jobs report for September, which came in weaker than expected. This spared stocks, which staged a recovery on the basis that the Fed would not be so hawkish. But it did not spare bonds, in the US or elsewhere, as yields raced higher. What really caught my attention was the sudden widening in corporate credit spreads, which had remained resilient to the turmoil around for many months.

This is a primer on corporate bonds, investment grade & high yield. It also discusses the pandemic and its effect on the corp bond market.

Weekly update: equities stumble (again) ending the worst month since the pandemic. Govt bonds sell off too. Credit weakens, oil increases.

This article looks at asset returns across various equity indices (US and global) and other asset classes during the pandemic and longer.

US equity markets hit new records and the UST market stabilised. Economics news was robust. Banks released earnings, Coinbase listed.