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Market Commentary

November 2019

Strong 3Q GDP Followed by Lackluster October Spending

As usual, the short week of pre-Thanksgiving trading sessions were very quiet, with only slight movements in fixed income markets...

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Yield Curve Flattens During Quiet Week

The yield curve flattened slightly during a relatively quiet week as shorter-dated Treasury yields climbed slightly...

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Bond Markets Give Back Yield Advances

Fixed income markets spent the majority of this holiday-shortened week reversing last week's yield advances...

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Fed Cuts Rates, Likely Done For Year

Treasury yields ended this week lower, driven by a busy week of economic, trade, and policy announcements...

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