Daily Market Commentary

April 5, 2021

Bonds & Stocks
U.S. stock gained and Treasuries steadied as investors digested Friday’s unexpectedly strong jobs report.

The International Monetary Fund warned that a potential surprise tightening by the U.S. Federal Reserve could spur an increase in interest rates and capital outflows from emerging markets, underlining the need for clear central bank communication.

Treasury Secretary Janet Yellen will argue Monday for a global corporate minimum tax rate as she pushes President Joe Biden’s plans to raise levies on U.S. companies, a person familiar with her remarks said.

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 when to buy or sell.

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