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The yield on the Ten year US Treasury note was on the cusp of 3% for the first time in more than four years this morning, as concerns about inflation have returned to the market.  Oil’s move above $70/barrel and rising metal prices have fanned inflation worries, which for much of the post-financial crisis period has remained subdued and helped sustain a rally in bonds. (FT)
 
Dollar bulls are back for now - the Greenback climbed to its highest level I a month and a half this morning, with investors bidding up the currency ahead of a slate of key economic events later this week, including most notably US GDP figures due Friday (SA).
 
Nearly 200 companies listed on the S&p500 are slated to report results this week from companies including Amazon, Facebook, Lockheed Martin, American Airlines, and Exxon Mobil.  Earnings are up over 20% so far year-on-year this quarter, with revenues up 7.5% on average. (WSJ)
 
The S&P 500 is up 3, and the NASDAQ is up 18.  The MSCI international index is down about 15/100 of a %.
Oil is down $1.10 at $67.30 a barrel. 
Gold is down $10 at $1328 an ounce.
With Northwest Quadrant Wealth Management a Registered Investment Advisor I am Josh Fenili.

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