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Daily Market Commentary

July 3, 2024

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July 3, 2024

Bonds & Stocks
Bonds rebounded and shares held steady ahead of Thursday’s nonfarm payrolls report, which is expected to show a slowdown in US hiring against the backdrop of President Donald Trump’s trade war. US Treasuries rose after heavy selling on Wednesday, The yield on 10-year US government debt declined one basis point to 4.26%.

Economy
US job growth exceeded expectations in June as an unusual surge in public education hiring masked a slowdown in employment across the rest of the economy. Payrolls increased 147,000 last month.

World
US President Donald Trump said he would speak to Russian leader Vladimir Putin on Thursday, the latest call in his effort to broker an end to the war in Ukraine.

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.