Daily Market Commentary

August 13, 2019

Bonds
The amount of U.S. central-bank easing priced in by the futures market for this year was reduced slightly following the release of data that showed core inflation unexpectedly accelerated. The yield on longer-dated Treasuries climbed slightly.

Economy
A key measure of U.S. consumer prices unexpectedly accelerated in July in a broad-based advance, signaling inflation may be firming as the Federal Reserve debates whether to lower interest rates further.

Global
Investor confidence in Germany's economic outlook worsened for a fourth month after a string of disappointing figures raised recession risks. Slower global growth and uncertainty from a U.S.-China trade war weighed on demand.

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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