Market Commentary – 9/12/15

Please remember those who perished in the 9/11 attacks.

Some days are up; some days are down- so goes the global equity markets the last several weeks. One would think that U.S. bonds would be the beneficiary of this volatility and that bond yields would move much lower. However, even with the lowered consumer sentiment reporting this week, and weakening commodity prices, bond yields continue to stay range-bound with the 10 year treasury around 2.18%.

All eyes are on next week’s 2-day Federal Open Market Committee (FOMC) meeting. There are both arguments for and against a rate lift off from zero on short term interest rates. There is no clear sign of what both the FOMC will do with rates or how bonds will respond.

We continue to remain cautious and biased to locking in loans based on so many perceived unknowns.