May 23, 2017

Bond market metric at post-election low

Richard Drew / AP

A key economic indicator — the spread between yields per year among two-year Treasury notes and 10-year Treasury notes — is at its lowest level since October at 0.97 percentage points apart, CNBC reports.

What it means: That indicates bond investors might not fully believe the idea that the economy is getting stronger. That's because longer-term bonds tend to get greater yields than shorter-term bonds, so this small spread indicates a lack of confidence in the ability of the economy to grow.

Caveat: Some economists note the change might just be due to Fed policies.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 2:30 p.m. ET: 905,279 — Total deaths: 45,371 — Total recoveries: 190,710Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 199,092 — Total deaths: 4,361 — Total recoveries: 8,362Map.
  3. Federal government latest: Vice President Mike Pence said that White House modeling suggests "Italy may be the most comparable area to the United States" in terms of coronavirus impact.
  4. State updates: Florida and Pennsylvania are the latest to issue stay-at-home orders, totaling 34 states and Washington, D.C.
  5. 2020 update: West Virginia is latest state to delay its primary — Bernie Sanders urged Wisconsin to delay April 7 primary.
  6.  🎧 Podcast: The Defense Production Act
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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West Virginia is latest state to delay primary due to coronavirus

Photo: Barbara Davidson/Getty Images

West Virginia Gov. Jim Justice rescheduled the state's May 12 primary election to June 9 on Wednesday, citing fears surrounding the coronavirus pandemic, AP reports.

Why it matters: 23 other states and the District of Columbia haven't held primaries yet. The White House is recommending, for now, that Americans practice social distancing and gather in groups of no more than 10 people — while many states have issued stay-at-home orders.

Go deeperArrowUpdated 1 hour ago - Politics & Policy

Florida governor issues stay-at-home order

Photo: Joe Raedle/Getty Images

Florida Gov. Ron DeSantis ordered a statewide stay-at-home order on Wednesday after the number of coronavirus cases in the state rose to nearly 7,000.

Why it matters: DeSantis has been criticized for declining to order any statewide mandates to curb the spread of the coronavirus even as Florida — home to a significant elderly population — was increasingly becoming a hotspot. The order will go into effect Thursday at midnight and last for 30 days.