Daily Market Commentary

March 13, 2018

Treasuries rangebound overnight ahead of February CPI at 8:30am ET and 30-year bond reopening at 1pm; there was mild selling pressure during an Asia session as JGB curve steepened into 20-year auction.

U.S. consumer prices continued to firm in February, indicating inflation is creeping up toward the Federal Reserve’s target without the kind of breakout that would warrant a faster pace of interest-rate hikes.

Brazil analysts are boosting profit forecasts so fast that even the world’s best stock market can’t keep up. As the economy emerges from its worst recession in a century, the Ibovespa has jumped 13 percent this year, the most among major indexes.

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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