Daily Market Commentary

July 6, 2020

Bonds
Treasuries breached their Asia-session lows on heavy volume in futures, led by long end, steepening the curve. Catalyst unclear as S&P 500 E-minis remain near highs of the day.

Economy
The minutes of the Federal Open Market Committee's June 9-10 meeting, released July 1, showed "a number" of policy makers favor tying future moves for interest rates and asset purchases to inflation.

Global
U.S. stocks jumped, with tech shares leading the way, as a huge rally in Chinese markets pushed a global equity benchmark toward a one-month high.

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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