Daily Market Commentary

June 24, 2020

Bonds
Treasury yields are nearly flat to Tuesday’s closing levels, though long end outperforms slightly ahead of Wednesday’s 5-year and Thursday’s 7-year auctions.

Economy
The U.S. is weighing new tariffs on $3.1 billion of exports from France, Germany, Spain and the U.K., adding to an arsenal the Trump administration is threatening to use against Europe that could spiral into a wider transatlantic trade fight later this summer.

Global
Emergency spending by governments to tackle both the health calamity and economic fallout from the coronavirus is set to push the global debt ratio above 100% for the first time.

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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