Headlines discussed at LNWM’s Monday morning briefing:
— US producer prices are trending higher — up 2.8% annualized, but weak labor market is expected to counter inflation.
— President Biden signed $1.9 trillion Covid-relief package, with states and lower-income families major beneficiaries.
— 10-year US Treasury yields jumped to 1.64%, highest level in over a year.
— The European Central Bank indicated it is ready to buy more bonds to keep a lid on rising interest rates.
— The US is aiming to offer Covid-19 vaccines to all by May; 100 million doses administered so far.
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