Daily Market Commentary

February 10, 2020

Bonds
Treasuries slightly richer across the curve after erasing declines during European morning, led by bunds after weak Italian industrial production data. Gilts lag slightly ahead of ultra long-dated syndication expected Tuesday.

Economy
U.S. equity futures fluctuated on Monday while European stocks edged lower and Asian shares declined as investors struggled to gauge the economic hit from the spreading coronavirus while preparing for more corporate earnings.

Global
Denmark and Switzerland have long shared the world record in negative interest rates, at minus 0.75%, Economists at some of the biggest Nordic banks say Denmark, which pegs the krone to the euro, is likely to raise its key rate in the coming months.

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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