Thought Leadership

Market Review and Outlook 3rd Quarter 2010

October 21, 2010

Consumer confidence wavered over the first half of the year, influenced by mixed macroeconomic news along with concerns over the financial crisis in Europe and its potential impact on the U.S. economy. The second quarter ended with a flight to quality as the 10-year Treasury yield declined from 3.8% at the beginning of the quarter to 2.9% at quarter-end.