Daily Market Commentary

May 15, 2018

Bonds
The 10-year U.S. Treasury yield rose to its highest level since 2011, extending a selloff in the world's biggest bond market and raising fresh questions about how high America's borrowing costs will climb.

Economy
U.S. retail sales rose in broad fashion last month as bigger after-tax paychecks helped compensate for rising fuel costs, signaling consumer demand was off to a firm start this quarter.

Global
Italy's populists are struggling to nail down the final details of their plans to form the next government and tensions are beginning to mount. "Either we get started or we say goodbye to each other," League leader Matteo Salvini said.

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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