Both the S&P 500 Index and the Dow Jones Industrial Average set new all-time highs last week, gaining 0.83 percent and 0.46 percent, respectively, in the process.
U.S. Treasury rates were lower heading into the holiday weekend. The yield on the 10-year Treasury stood at 1.83 percent early Thursday morning; it was up slightly to 1.87 percent as of Monday, April 1.
Read the Allen Insurance and Financial Weekly Market Summary for April 1, 2013.
Early Monday morning, Treasury yields were approximately the same as they were one week ago. The 10-year yield stood at 1.95
percent on Monday, after testing the lower part of its trading range, 1.89 percent, late last week.
Equity markets reacted negatively last week to the news that Cyprus needed a bailout from the European Union. The S&P 500 was
down as much as 1.5 percent in the first two days of trading before recouping some losses later in the week.
Allen Insurance and Financial and Harvard Pilgrim Health Care are pleased to sponsor the 2013 Healthy Kids Day at the Penobscot Bay YMCA in Rockport.
“Healthy kids and healthy communities are at the heart of this partnership,” said Dan Wyman, employee benefits manager at Allen Insurance and Financial, pictured here with Troy Curtis, Executive Director at the Penobscot Bay YMCA.
YMCA Healthy Kids Day, set for April 27, from 10 a.m. to 2 p.m. at the Penobscot Bay YMCA in Rockport, is a day of free events and active play designed to encourage children and their families to try new and fun activities. YMCA Healthy Kids Day is celebrated nationwide at more than 1,700 YMCAs.
Harvard Pilgrim Health Care is a not-for-profit health plan serving more than one million members in New England. Founded in 1969, the health plan has built its reputation on pragmatic innovation with a goal of lowering costs, improving care and enhancing the overall member experience. Harvard Pilgrim is known for its excellent clinical programs, customer service, health improvement strategies and innovative tools that offer consumers greater transparency and empower them to make better decisions about their health care. Ranked as the top private health plan in America for nine consecutive year by the National Committee for Quality Assurance, Harvard Pilgrim says: ” Count Us In” to the members and communities it serves.
Our offices will be closing Tuesday, March 19, at 3 p.m., due to the weather. We will reopen Wednesday at 8 a.m. We hope everyone gets home safely.
The yield on the 10-year Treasury dropped to 1.93 percent early Monday morning, its lowest level in three weeks, as investors moved into perceived safety assets on concerns over Cyprus’s debt crisis—which was front-page news. Read more now.
Treasuries sold off last week, pushing the yield on the 10-year back over 2 percent by early Monday morning. This space continues to exhibit volatility, as the 10-year was as low as 1.83 percent in the prior week. Read more now.
Allen Insurance and Financial recently made a donation to the Rockland Public Library Endowment Association. Pictured here are Kit Stone, president, RPLEA, and Meesha Luce, personal insurance specialist from Allen Insurance and Financial’s Rockland office. RPLEA raises funds for both the current and long-term needs of the library.
Dan Wyman, Insured Benefits Manager at Allen Insurance and Financial, will be the guest speaker at the Maine Contractors & Builders Alliance Lincoln County meeting on Wednesday, March 13. Dan will focus on the Affordable Care Act and what it means for alliance members.
The meeting begins at 5:30 p.m. at Montsweag Road House in Woolwich. Cost is $25 for members and $35 for non-members. RSVP with meal choice (chicken, steak or fish) to Lisa at I&S Insulation: email hidden; JavaScript is required
The yield on the 10-year Treasury had been fairly stagnant over the last couple of weeks; however, we started to see a flight-to-safety trade in the bond world late last week that seems to be extending into this week. Read more now.
Allen Insurance and Financial recently made a donation to Waldo Community Action Partners, with the money going toward the completion of the installation of energy efficient windows at the Belfast Head Start Center on High Street. Pictured here are Business Insurance Specialist Richard Crossman of Allen Insurance and Financial and Keith Small, executive director of WCAP.
A multi-service agency serving Waldo County since 1965, WCAP is the largest provider of low-cost and free transportation and early childhood education in Waldo County. Allen Insurance and Financial, an independent agency providing insurance and financial planning services, has offices in Rockland, Camden and SouthwestHarbor.