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By Matthew Gutierrez and Shawn O'Malley · May 06, 2024

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??Could online shopping be saving brick-and-mortar stores? ?

Retailers like Target are integrating their properties with the online shopping experience. Shoppers browse in person to see, touch, or try on items, and then they order them online.

Retailers are also “increasingly relying on their shops as fulfillment hubs, shipping items ordered online from store stockrooms in addition to warehouses,” reports The Wall Street Journal.

Get this: Nearly 42% of e-commerce orders last year involved stores, up from about 27% in 2015.

— Matthew & Shawn

Here’s today’s rundown:

Today, we'll discuss the biggest stories in markets:

• Fixed income lives up to its name
• How to pay for the green transition

This, and more, in just 5 minutes to read.

POP QUIZ

?Grocery delivery is taking off. About what percentage of American adults grocery shop online at least once per month? (Scroll to the bottom to find out!)

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In The News

??Treasuries Mint Cash Like Never Before

Could fixed income be back in vogue?

The resurgence of fixed-income assets, particularly U.S. Treasuries, is happening amid rising interest rates and a shift in market dynamics.?

What’s happening?

• Benchmark rates in the U.S. have surged from 0% to over 5% in two years, leading to a return to Treasuries' traditional role as reliable income sources. Hence, “income” in “fixed income.”
• Investors received nearly $900 billion in annual interest from U.S. government debt last year, double the average of the previous decade. Over 90% of Treasuries carry coupons of 4% or more.
• Stalled progress toward the Fed's 2% inflation target and a resilient economy have delayed rate-cut expectations, prompting investors to seek safe assets like Treasuries.

$2 million per minute! Interest payments to individuals are projected to more than double this year, reaching $327 billion. The Treasury Department paid out $2 million per minute in interest in March alone.

The reset in yields has attracted investors, leading to record inflows into money-market funds and bond funds and a surge in direct sales of Treasuries to individuals...