High Yield Week in Review
(Almost) All quiet on the tariff front
This was an astoundingly quiet week for economic news and data, right until the president woke up this morning, took to Truth Social, and fired off some updates on trade policy (more on that below).
Aside from those tariff developments, this week brought us April home sales data, a bit of bond market turmoil, and more.
Monday
TSA Checkpoint Travel Numbers
Air travel bounced back over the past week, according to TSA data, and travel volumes are now right back in line with 2024 levels. Memorial Day weekend could give us an early indication of how many people will be traveling this summer.
Tuesday
Gas Prices & Diesel Prices
Gas prices rebounded to $3.30/gallon this week. While that’s the highest price since the start of April, it’s also about $0.41/gallon cheaper than during the same week last year. Cheap gas is great. The reason for cheap gas (poor demand and economic anxiety) is not.
Diesel prices rose to $3.54/gallon, which is still pretty low.
