Daily Market Commentary

January 10, 2019

Bonds
Treasury futures pressured lower, led by long end, following announcement of Anheuser-Busch InBev 6-part debt offering, which is expected to price in Thursday’s U.S. session.

Economy
The new-year rally in global equities stalled on Thursday as investors paused to draw breath following the recent rebound. Oil threatened to post the first drop in two weeks. Downbeat news from the likes of Macy’s and Jaguar Land Rover did little to boost the mood.

Global
European Central Bank officials agreed that a cut to their 2019 growth projection in itself acknowledged that risks to the outlook for the euroarea economy had increased. That effectively allowed President Mario Draghi to avoid saying in December that the balance of risks was to the downside.

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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