Daily Market Commentary

November 7, 2019

Bonds
Treasuries remain weaker across the curve -- with 10- and 30-year yields near their mid-September highs -- after briefly stabilizing led by gilts, which jumped after two BOE members unexpectedly voted for a rate cut.

Economy
Filings for U.S. unemployment benefits declined more than expected to reach a four-week low, another sign that a resilient labor market continues to underpin the economy. Jobless claims fell by 8,000 to 211,000 in the week ended Nov 2.

Global
Brazil's and Mexico's annual inflation rates remained subdued in October as central banks in both nations plan fresh interest rate cuts. Consumer prices as measured by Brazil's benchmark IPCA index rose 2.54% in the 12 months through October, while Mexico's annual inflation reached 3.02%.

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 when to buy or sell.

 

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