November 2018

What’s Inside

  • Strong corporate earnings, tax reform, high levels of consumer confidence, and low unemployment have helped fuel robust US GDP (4.2% in Q2).
  • These are being partially offset by rising interest rates, via a less accommodative Federal Reserve, inflation fears, and tariff tensions.
  • The technical environment remains quite healthy for both net issuance and demand.

Complete Commentary/Printable Article

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