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Daily market snapshot

Markets staged another impressive rally today, with major indexes ending near the highs of the day and now positive for the week. Notably, we saw a move away from some of the safe-haven assets that had gotten support in recent days - today seeing a softer U.S. dollar, lower gold prices, and higher yields. The 10-year Treasury yield was up modestly, in the 1.97% range. Meanwhile, some of the commodities that had rallied as the crisis intensified traded sideways today as well; WTI oil is down slightly at $92 levels, while wheat prices are down over 8% today. The VIX volatility index also moved lower by over 8% today, after spiking to a high for the year-earlier in the week.

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