Daily Market Commentary

September 14, 2020

Bonds
Treasuries are little changed in light volumes as early demand in long-end quickly dissipates.

Economy
For four decades, the Federal Reserve kept up its guard on inflation, beating it back even when it whispered a threat. To fix the problem, Chair Jerome Powell now says the Fed will let inflation overshoot its 2% target and not tighten rates when unemployment falls.

World
China and the European Union will step up efforts to reach an investment deal this year, the official Chinese news service Xinhua reported, underscoring the importance both sides attach to their financial relationship.

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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