Financial markets were relatively calm overnight, and Treasury prices are unchanged to slightly higher across the curve. The New York Fed conducted repo operations again this morning to ensure stability in overnight funding markets while it deliberates increasing the supply of reserves via asset purchases. There are several Fed leaders making public appearances today, including Vice Chair Clarida on CNBC at 10am ET. With central bank decisions behind us, trade concerns move back to the forefront for market participants. Deputy trade officials from China and the U.S. are in their second day of negotiations in Washington with the hope of setting the table for more formal negotiations between senior officials in early October.
Managing Director, Investment Management Group
|9/20/2019||Household Change in Net Worth||—||—||$4691b||—|
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