Daily Market Commentary

March 19, 2019

Long end led Treasuries lower during U.S. morning, steepening 5s30s back above 61bp, as the IG credit issuance calendar expanded; offerings expected to be priced Tuesday include at least two 30-year tranches.

Federal Reserve officials say they’re willing to tolerate an overshoot of their inflation goal. If the opposite happens, the plan is less clear. Core inflation, excluding energy and food prices, is currently just shy of the
central bank’s 2 percent target.

The U.K. labor market remained in robust health in the three months through January, despite a Brexit-induced slowdown in the overall economy. Employment hit a record high after the biggest jump in more than three years and underlying pay growth maintained its fastest pace in more than a decade.

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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