Daily Market Commentary

March 15, 2019

Bonds
Treasuries climb in early U.S. trading as stock futures pare gains, with 10-year note futures topping Thursday's high on heavy volume; earlier, Empire manufacturing index dropped to lowest level in almost two years.

Economy
The first Federal Reserve regional manufacturing gauge for March came in at the lowest level in almost two years, adding to signs of economic weakness in the first quarter. The Empire State Index, based on a survey of factories in New York state, fell to 3.7 this month from 8.8.

Global
The growing mystery of where China's rapid slowdown is headed may become the biggest risk on the horizon, even as Brexit and a solution to U.S.-China trade tensions are kicked into the long grass.

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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