Daily Market Commentary

October 15, 2018

Bonds
Wall Street strategists from one core view: that the Treasuries yield curve will keep flattening into next year. Strategists at the FRB of New York's primary dealers expect the spread between 2- and 10-year yields to narrow through the first half of 2019.

Economy
Stocks staged a broad recovery on Friday as earnings reports from some of America's biggest banks gave investors something to cheer about at the end of a tumultuous week. The dollar and Treasuries were steady.

Global
On Wednesday, EU leaders will discuss a Brexit deal, aiming to tee up resolution at a November summit. On Oct. 28, a second round poll will decide Brazil's Presidency. On Nov. 6, the U.S. mid-terms will deliver a verdict on the first two years of Trump's presidency, and chart a course for the next two.

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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