Daily Market Commentary

March 22, 2019

Bonds
Treasuries rally extends, led by futures as 10-year note futures jump through 123-24 level, which had capped advance over European session; upside demand emerges across white eurodollars as demand for dovish hedges grows.

Economy
President Donald Trump said Friday that a trade deal with China is close as he prepared to send his negotiators to Beijing for a fresh round of talks next week, but U.S. officials downplayed the prospect of a swift conclusion.

Global
Europe's economic outlook was thrown into fresh doubt after reports showed weakness across France and Germany. Hopes that the slowdown had reached a trough have taken a beating from renewed weakness in France and the deepest slump in German manufacturing in over six years.

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.

Today, Tomorrow, Together