Daily Market Commentary

September 13, 2018

Bonds
Treasuries rebounded from near session lows after August U.S. CPI rose less than forecast (0.2% overall vs 0.3% median est. in Bloomberg survey, 0.1% core vs 0.2% median est.).

Economy
Excluding volatile food and energy costs, the core consumer price index rose 2.2 percent in August from a year earlier, compared with the 2.4 percent median estimate of economists surveyed by Bloomberg News.

Global
Mario Draghi said the euro-area economy is still solid enough to cope with global risks, even with new European Central Bank forecasts showing that growth will cool slightly faster than previously predicted.

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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