2018 Economic Calendar
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Market Reflections  

April 20, 2018
After a week of worries that inflation may be on the rise, whether it be tariff talk or stress readings in the Empire State or Philly Fed reports, demand for bonds continued to ease Friday. The 10-year Treasury yield rose 4 basis points Friday to a 4-year high at 2.96 percent for a very steep weekly gain of 14 basis points. Rising yields will likely raise foreign demand for U.S. assets evident in the dollar index's 0.7 percent gain on the week to 90.41 which is now up from a 4-year low.

Stocks had a positive week, gaining 0.4 percent for the Dow to 24,462 despite a 0.8 percent dip on Friday. Oil held steady on the day, showing little initial reaction to President Trump's warning that prices are unacceptably and artificially high. Oil ended the week 1.4 percent higher at $68.25 for a year-to-date gain of 13.5 percent.

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