Daily Market Commentary

September 10, 2019

Bonds
Treasuries continue to trade heavy in early U.S. session following large block trade in 10-year futures, priced at the lows of the day in the Dec. 19 contract.

Economy
Optimism among U.S. small-business owners fell in August to the lowest level in five months, with the outlook for the economy and sales slumping amid escalating trade tensions and recession fears.

Global
The U.K. economy continued to create jobs over the summer and wages jumped, despite the escalating turmoil over Brexit. The number of people in work rose by 31,000 in the three months through July.

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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