News & Events

The Weekly Wrap - May 6, 2022

According to the National Heart, Lung and Blood Institute (NIH), May is High Blood Pressure Education month. If the heart-palpitating events of the past week are any indication, the Institute has its work cut out for it. It’s hard to recall another week that generated as much drama or anxiety. That’s particularly so for investors whose pulses received some extreme shocks from wild gyrations in the financial markets, including two consecutive days – Wednesday and Thursday – when stock prices ended at least 3 percent higher or lower, something that hasn’t happened in more than two years. Market interest rates also moved sharply, but mostly in one direction – up, with the bellwether 10-year Treasury yield climbing decisively above the 3 percent threshold, ending the week at 3.14 percent, the highest since November 2018.