Market Snapshot September 10, 2019
Good Tuesday A.M.,
Not much data to share, so it is more of the same. Bonds are under pressure this morning. The 10-yr is at 1.68% which is making me a bit curious, despite stocks being down marginally. This is really about whether the Fed cuts rates in December (not September). Markets clearly think a third cut is not a guarantee. The 10-yr needs to pull back from here to close below 1.66% or it looks like we are heading towards 1.80%.
Wish there was more and better news to share.
Make today great!