With CEO Annie Seelaus
Equities were mixed overnight. Chinese stocks fell and shares rose in Japan to a near 3-week high. UST yields are generally higher across the curve this morning with the 10yr at 2.172% last. Credit spreads are unchanged and munis are weaker.
Stocks rose in Europe and Asia while bonds gained, stabilizing after a debt-market sell off that erased more than $400bln of value in three weeks. The dollar pared a fifth weekly decline and Treasuries rose after yesterday's data.
European stocks were little changed as a plunge in miners offset a rally in Italian shares. Chinese shares ended the day slightly higher while Japanese equities fell on a stronger yen after U.S. retail sales missed expectations. UST 10yr at 2.271% last.
US equities are higher, UST yields are lower across with the 10yr at 2.229% last, credit spreads are unchanged, and oil is up fifty cents to $61.25/bbl in early trading. Municipals are stronger this morning after mixed trading yesterday.
European stocks fell for the first time in four days overnight as investors continue to monitor the Greek bailout talks. U.S. equities are lower this morning, oil is up to $60.30/bbl in early trading, and munis are weaker again after yesterday’s sell off.
Global equities were mixed overnight, credit is opening flat this morning with the IG Index 65 ½-66, oil is flat at $59.39/bbl, and municipals are slightly weaker this morning after trading stronger into the weekend.
Global equities were generally higher overnight. Chinese stocks pared the biggest weekly slide in five years, as weak trade data spurred bets on further economic stimulus.
Stocks declined around the world as China’s economy slowed and investors assessed growth prospects in the U.S. and the outlook for higher interest rates. Credit spreads continue to widen and munis are stronger this morning after closing weaker yesterday.
Chinese stocks fell overnight, capping the benchmark index’s biggest two-day slide in three months. Greece has made a €200M interest payment to the IMF, although concerns over its future continued to rattle European markets.
Equities were mixed overnight, UST yields are slightly lower with the 10yr last at 2.135%, credit is opening +3/16 at 62 3/4-63 1/4, and municipals are stronger this morning after a weak day of trading yesterday amidst extremely light volumes.
Stocks, Bonds & Beyond
With Founder and Chairman Rich Seelaus