Daily Market Commentary

November 8, 2018

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.

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 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.

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