Daily Market Commentary

October 19, 2018

Bonds
Treasury yields are slightly lower, tracking bunds, which continued to be driven by volatility in Italian bonds. Three-month dollar Libor extended its climb, fixing higher by 0.82bp at 2.47719%.

Economy
U.S. stocks rebounded from Thursday's sell-off as the latest batch of earnings provided evidence of corporate strength. The dollar fell on signs of easing trade tensions with China.

Global
China's economic growth slowed more than expected in the third quarter, as weak industrial output data and what the government called the "severe international situation" challenged efforts to stabilize the economy and reach its growth targets.

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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