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June 28, 2016

Bonds
Treasuries snapped a two-day rally ignited by the Brexit vote as investors paused to digest the implications of Britain's decision last week to leave the European Union. Yields also rose on German and U.K. government bonds. 

Economy 
The U.S. economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending. GDP rose at a 1.1% annualized rate.  

Global 
Japan's benchmark bonds are now all yielding less than 0.1 percent for the first time, leading a global surge in sovereign debt, as the U.K.'s decision to leave the EU threatened to slow growth and keep the Federal Reserve from raising interest rates. 


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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