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Yield Hunting

Morning Note - May 5, 2021

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Yield Hunting
May 05, 2021
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Good Morning!

Futures are rebounding a bit after yesterday's selloff and ahead of the PMI/ISM data. Biden shifts US vaccine distro to account for demand changes; sets goal of 160mm inoculations by July 4 up from ~105mm currently. Yellen comments likely increase inflation fears and tapering expectations. NY, NJ, CT removing almost all restrictions by May …

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