Daily Market Commentary

November 8, 2018

Bonds
Treasuries are slightly higher ahead of FOMC policy decision following low-volume trading during Asia and Europe sessions. Advance is led by long end, flattening the yield curve for a fourth straight session.

Economy
U.S. stocks retreated from near a one-month high as traders awaited the results of a Federal Reserve policy meeting in Washington. Benchmark Treasury yields dipped while the dollar edged higher.

Global
Global trade tensions, Italy’s fiscal battles and U.S. overheating pose risks to the euro-area economy, the European Commission warned as it lowered its forecast for the coming year.

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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