Daily Market Commentary

April 18, 2019

Bonds
Treasuries extend retreat from session highs after March retail sales rose more than forecast, including a 1% increase in control-group subset; curve flattens as yields out to 5-year lead the rebound.

Economy
Tensions between the U.S. and China may linger even as both countries show signs that they're edging closer to an end to their trade war, according to Singapore Finance Minister Heng Swee Keat.

Global
Inflation that's projected to reach 8 million percent this year has left Venezuela saddled with the title of the world's most miserable economy. The embattled South American nation topped the rankings of Bloomberg's Misery Index, which sums inflation and unemployment outlooks for 62 economies.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy or sell.

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