He further noted: “The educated people, most of us have jobs we can continue to do almost the same way, we talk to people on Zoom and we get paid just the same. [… But those with less formal education are often] essential workers [who] risk their lives with COVID.
Yields on long-term government bonds increased somewhat from mid-June and are recently moving around 1.7 percent. The yield spread between private bonds (bank debentures and corporate bonds) and government bonds remains mostly unchanged. Stock prices fell towards mid-June, but have recovered thereafter along with the rise in US stocks.