Daily Market Commentary

June 11, 2018

Bonds
Treasury yields rise across the curve following soft open in European hours as market sets up for Monday’s compressed auction schedule; gains for USD/JPY and rising bund yields as Italian bonds rallied added to pressure on Treasuries.

Economy
U.S. equity futures drifted and European stocks rose as investors eased into a hectic week, during which three major central banks set interest rates, President Donald Trump meets North Korea’s leader and Brexitreturns to the fore.

Global
The Federal Reserve won’t steepen the path of interest-rate increases this year in the face of accelerating U.S. growth, according to economists surveyed by Bloomberg.

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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