Our BMU is designed to keep you abreast of changing market conditions and the variables that drive those changes.
Released every Friday, BMU is a brief and informative newsletter that provides financial institutions a review of the week’s economic developments, tracks Federal Reserve policy, and provides an overview of the week’s expected data releases.
Below are the most recent Baker Market Update additions.
Collapsing oil markets and rising pandemic fears have worked to spark a global equity sell-off that has domestic stocks set to open lower, a lot lower. Lower, too are U.S. Treasury yields. From the Treasury’s Two-Year yield of about a quarter-point to the Long Bond’s yield of around 85 basis points, scared investors are buying Treasuries. Lots of Treasuries. The Benchmark Ten-Year is languishing around 43 basis points. Gold is set to open around $6 higher at close to $1,682 with WTI off about $10 at $32.
Disclaimer: INTENDED FOR USE BY INSTITUTIONAL INVESTORS ONLY. Any data provided herein is for informational purposes only and is intended solely for the private use of the reader. Although information contained herein is believed to be from reliable sources, The Baker Group LP does not guarantee its completeness or accuracy. Opinions constitute our judgment and are subject to change without notice. The instruments and strategies discussed here may fluctuate in price or value and may not be suitable for all investors; any doubt should be discussed with a Baker representative. Past performance is not indicative of future results. Changes in rates may have an adverse effect on the value of investments. This material is not intended as an offer or solicitation for the purchase or sale of any financial instruments.