Daily Market Commentary

July 9, 2020

Bonds
Global financial regulators set out recommendations on Thursday for coordinating and speeding up preparations to scrap Libor, an interest rate benchmark banks were fined billions of dollars for trying to rig.

Economy
Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases.

Global
The virus is flaring again in parts of Asia, with Hong Kong and Tokyo reporting record spikes in new infections just days after Melbourne locked down again, reflecting the challenge of containing the pathogen even in places that seemed beyond the worst of the pandemic.

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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