Securities and Advisory Services offered through Client One Securities, LLC Member FINRA/SIPC and an investment advisor. Sawyer Wealth Management and Client One Securities, LLC

The coronavirus continues to spread and the tone in the United States and all over the world has shifted sharply over the last 24 hours. In a very eventful day, the World Health Organization declared the coronavirus a global pandemic, Italy took major action, and financial markets took a big hit.

  Securities and Advisory Services offered through Client One Securities, LLC Member FINRA/SIPC and an investment advisor. Sawyer Wealth Management and Client One Securities, LLC

Countries around the world are assessing the human impact of the current coronavirus outbreak, which emerged from China in December 2019 and has so far spread to 28 countries (as of February 24, 2020).

30-Year Treasury yields dipped below 2% last week as coronavirus fears sunk risk assets. Correspondingly, Treasury prices rose as demand for safe assets was elevated.

Treasury prices rose significantly over the course of the week on a continuing outbreak of the corona virus and Eurozone economic news.

The U.S. economy added 145,000 jobs in December, extending the streak of monthly gains to 111. December’s gain slightly missed the expected 160,000, but nevertheless capped a strong decade that saw the U.S. economy add almost 23 million jobs and end with the unemployment rate at a 50-year low of 3.5%.

Longer-term U.S. government bond prices fell last week on data that increased optimism surrounding the U.S. economic outlook. Data released last week showed the U.S. labor market remains strong, with job gains, the unemployment rate, and wage growth all beating expectations.

Last week ended with the October industrial production report meaningfully disappointing, which helped Treasurys stage a week-end rally.