{"id":8913,"date":"2020-05-05T07:17:47","date_gmt":"2020-05-05T11:17:47","guid":{"rendered":"https:\/\/www.abelianpartners.com\/?p=8913"},"modified":"2020-05-05T10:23:46","modified_gmt":"2020-05-05T14:23:46","slug":"may-5-2020-weekly-report","status":"publish","type":"post","link":"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/","title":{"rendered":"May 5, 2020 Weekly Report"},"content":{"rendered":"
<\/div><\/div><\/div>

Highlight of the Week<\/h2>\n<\/div><\/div>
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US Treasury to borrow a record $3t this quarter<\/h4>\n<\/div><\/div><\/div><\/div><\/div>
    \n
  • The money is being used in large part to subsidize economic rescue efforts in the wake of the coronavirus pandemic.<\/li>\n
  • The total US government debt is now near $25t, with the current fiscal year’s deficit running at $744 billion.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
    <\/div><\/div><\/div><\/div><\/div><\/section>
    <\/div><\/div><\/div>

    Rate Curves<\/h3>\n<\/div><\/div>
    <\/div><\/div>
    \"July2<\/div><\/div><\/div><\/div><\/div>
    <\/div><\/div><\/div><\/div><\/div><\/section>
    <\/div><\/div><\/div>

    Rapid Report:<\/h2>\n<\/div><\/div><\/div><\/div><\/div>
    \"Abelian<\/div><\/div><\/div><\/div><\/div><\/div>
    <\/div><\/div>

    Coronavirus updates (as of Tuesday morning)<\/h4>\n
      \n
    • COVID-19 has registered 3.6 million cases and 250,000 deaths worldwide. There are over 1.2 million recovered cases.<\/li>\n
    • The US has accounted for over 1.2 million cases and will surpass 70,000 deaths today. One updated model now predicts 135,000 deaths by August.<\/li>\n
    • Georgia has almost 30,000 cases and 1,246 deaths. A CDC report determined, “83% (of Georgia coronavirus patients) are black… the high percentage reflects patients’ occupations – the fact that African-Americans are essential employees in our system” (NYT).<\/li>\n<\/ul>\n

      Banks have extended $500 billion in PPP loans<\/h4>\n
        \n
      • The SBA and Treasury Department said there is roughly $145 billion left in the PPP fund. The average loan extended in the second PPP round was about $79,000. Currently, some 30 million people are out of work due to the pandemic.<\/li>\n
      • The program has experienced numerous issues – technology problems, missing paperwork, the misdirection of funds – and will have to cover loans that were “hastily arranged”.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div>
        <\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Highlight of the Week US Treasury to borrow a record $3t this quarter The money is being used in large part to subsidize economic rescue efforts in the wake of the coronavirus pandemic. The total US government debt is now near $25t, with the current fiscal year’s deficit running at $744 billion. Rate Curves Rapid...","protected":false},"author":7,"featured_media":8609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27],"tags":[],"acf":[],"yoast_head":"\nMay 5, 2020 Weekly Report - Abelian Partners<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"May 5, 2020 Weekly Report - Abelian Partners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Abelian Partners\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T11:17:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-05T14:23:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.abelianpartners.com\/wp-content\/uploads\/2019\/06\/abelian2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"3831\" \/>\n\t<meta property=\"og:image:height\" content=\"2152\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abelian Partners\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AbelianPartners\" \/>\n<meta name=\"twitter:site\" content=\"@AbelianPartners\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abelian Partners\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\"},\"author\":{\"name\":\"Abelian Partners\",\"@id\":\"https:\/\/www.abelianpartners.com\/#\/schema\/person\/cd5232dfcbde2c8b74bddcaa6eb02770\"},\"headline\":\"May 5, 2020 Weekly Report\",\"datePublished\":\"2020-05-05T11:17:47+00:00\",\"dateModified\":\"2020-05-05T14:23:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\"},\"wordCount\":374,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.abelianpartners.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.abelianpartners.com\/wp-content\/uploads\/2019\/06\/abelian2.jpg\",\"articleSection\":[\"Market Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\",\"url\":\"https:\/\/www.abelianpartners.com\/market-updates\/may-5-2020-weekly-report\/\",\"name\":\"May 5, 2020 Weekly Report - 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