Daily Market Commentary

October 12, 2017

Bonds
The persistent flattening of the Treasury yield curve appears to still have legs, and that may be a sign of economic trouble ahead. On Wednesday, the minutes of the Federal Reserve’s September meeting revealed policy makers’ resolve to stick to their tightening path.

Economy
A spike in gasoline costs following Hurricane Harvey boosted U.S. wholesale prices in September by the most in five months, a Labor Department report showed Thursday in Washington.

Global
According to a BOE, lenders are starting to see an increase in defaults and have tightened the criteria they set for borrowers. The change comes in the wake of multiple warnings from regulators that the pace of borrowing poses a risk to financial stability.

The information represented herein was obtained from various sources, which we believe to be reliable. Nether 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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