Equities Extend Their Advance

As of noon on Friday, major US equity indices are on pace to close at record highs as fears of recession dissipate and hopes for a US-China trade agreement endure. The yield on the US-10 year Treasury note declined 10 basis points to 1.83% compared with last Friday while the price of a barrel of West Texas Intermediate Crude oil rose $0.90 to $57.15.