Presented by Matt Glova and the LifeTime Asset Management team: August 3, 2020 Treasury rates reached historical lows last week as the 10-year yield slid to 0.51 percent. The 30-year touched 1.20 percent, its lowest level since April, and the 2-year reached its new low of 0.10 percent on Monday. Poor gross domestic product (GDP) [...]
Presented by Matt Glova and the LifeTime Asset Management team: July 27, 2020 The 10-year Treasury yield fell to 0.55 percent last week, slightly above the historical low of 0.54 percent reached on March 9. It opened at 0.57 percent on Monday. The 2-year yield opened at 0.14 percent, and the 30-year yield opened at [...]
Presented by Matt Glova and the LifeTime Asset Management team: June 29, 2020 The 10-year Treasury yield dropped to 0.64 percent last Friday, its lowest point since mid-May, and opened at that level early Monday. The 30-year opened at 1.37 percent and the 2-year at 0.16 percent. Uncertainty with the direction of the economy and [...]
Presented by Matt Glova and the LifeTime Asset Management team: May 26, 2020 The 10-year Treasury yield opened at 0.65 percent on Monday morning before bouncing up to 0.70 percent. The 10-year traded between 0.59 percent and 0.75 percent last week. The 30-year opened at 1.42 percent, and the 2-year opened at 0.18 percent—both higher [...]
Memorial Day is a solemn day of remembrance, as we honor those who died serving in the American armed forces. Originally known as Decoration Day, the tradition started after the Civil War, gained a strong following after WWII, and was officially named Memorial Day in 1967. In 1968, Congress passed the Uniform Holiday Act, designating [...]
Federal, state, and local governments have extended a number of deadlines amid the coronavirus pandemic. Here are just a few of the deadlines that have been affected. Federal and state income taxes The IRS has postponed the due date for filing federal income tax returns and making tax payments from April 15, 2020, to July [...]
Presented by Matthew Glova Markets rebound in April Equity markets saw a swift recovery in April, as progress toward slowing the spread of the coronavirus gave investors hope. The S&P 500 rose by 12.82 percent, marking the best monthly gain since 1987. The Dow Jones Industrial Average (DJIA) gained 11.22 percent, and the Nasdaq Composite [...]
Throughout March 2020, as it became increasingly evident that the economic impact from the COVID-19 pandemic would be both profound and prolonged, Congress passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll. Within a few weeks, initial funding for the two cornerstone programs, [...]
Weekly Market Update, Presented by Matthew Glova: The rates market experienced some volatility last week, but it ended the week only slightly below where it started. The 10-year Treasury yield dropped from 0.65 percent to 0.53 percent last week and opened at 0.62 percent on Monday. The 30-year was as high as 1.41 percent about [...]
Hello LifeTime Family! We hope that everyone is staying safe and healthy. Local government officials have issued stay-at-home orders for our area effective at the end of the day to help flatten the curve of the coronavirus spread. As an essential part of your lives and the community, LifeTime will continue to operate to meet your [...]