Daily Market Commentary

October 16, 2020

Bonds
Treasury futures were knocked from near session highs by September retail sales data showing bigger-than-expected increases. Yield curve steepened.

Economy
U.S. manufacturing production unexpectedly declined in September, the first decrease in five months, pointing to a setback for factories as the pandemic drags on.

World
Surveys of Consumers collects data on consumer attitudes and expectations summarized in the Consumer Sentiment, in order to determine the changes in consumers' willingness to buy and to predict their subsequent discretionary expenditures.

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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