Daily Market Commentary

July 17, 2017

Bonds
U.S. equity futures are little changed and Treasury yields are 1-2.5bps lower across the curve, with the 10y at 2.307%.

Economy
Americans are feeling fairly optimistic about their jobs, the strength of the U.S. economy, and their own fortunes. A majority expect the U.S. stock market to be higher by the end of this year, while 30 percent anticipate a decline.

Global
The European Central Bank meets Thursday. Bloomberg Intelligence expects no change then, and no rate hike before 2019. Reuters cited unidentified officials as saying the bank is keen to keep asset purchases open-ended.

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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