March 18 Updates
NEW — state unemployment claims numbers. Updating as this come in. If you have more sources please send along.
WSJ: Stocks down 5%, not surprising. What is a little surprising is yields on government bonds are rising — 10 year treasury now above 1%. Still insanely low, but shows that there are intense liquidity needs.
Oil is down to $27 a barrel. Prices at the pump have still only dropped about 25 cents, but nobody is driving anyway.
FT: The rise in bond yields is people liquidating that need cash.
