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6.B. - Page 17 of 46 <br />REDWOOD CITY <br />Closed Until <br />Further Notice <br />COVID-19: A Three -Pronged Crisis <br />u <br />Health Crisis Pandemic <br />The rapidly spreading coronavirus is overwhelming <br />healthcare facilities around the world as the number of <br />cases and deaths related to the virus continue to grow. <br />Effects on the Economy <br />With businesses forced to close their doors <br />and consumers stuck at home "social <br />distancing," the economy has come to a near <br />standstill over a very short period of time. <br />For the Quarter Ended March 31, 2020 <br />Market Update <br />D�d <br />Effects on Financial Markets <br />Treasury yields and stock prices have <br />plummeted while credit spreads and <br />volatility have soared in reaction to the <br />uncertainty created by the pandemic. <br />PFM Asset Management LLC 75 <br />