July 18, 2014
|Last||Last Week||YTD return %|
|Dollars per British Pound||1.711||1.522|
|Dollars per Euro||1.353||1.315|
|Japanese Yen per Dollar||101.470||99.660|
|Canadian Dollars per Dollar||1.075||1.039|
|Mexican Peso per Dollar||12.946||12.654|
|10-year municipal (TEY)||3.63||3.66|
|July 22||—||Consumer Price Index (June)
Existing Home Sales (June)
|July 24||—||Jobless Claims (week ending July 19)
New Home Sales (June)
|July 25||—||Durable Goods Orders (June)|
|July 28||—||Pending Home Sales Index (June)|
|July 29||—||Consumer Confidence (July)|
|July 30||—||ADP Payroll Estimate (July)
Real GDP (2Q14 advance and benchmark revisions)
FOMC Policy Decision (no press conference)
Employment Cost Index (July)
ISM Manufacturing Index (July)
|August 1||—||Employment Report (July)|
Past performance is not a guarantee of future results. There are special risks involved with global investing related to market and currency fluctuations, economic and political instability, and different financial accounting standards. There is no assurance that any trends mentioned will continue in the future. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, state or local taxes. In addition, certain municipal bonds (such as Build America Bonds) are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Also municipal bonds may be subject to capital gains taxes if sold or redeemed at a profit. Investing involves risk and investors may incur a profit or a loss.
US government bonds and treasury bills are guaranteed by the US government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. US government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the US government.
Commodities trading is generally considered speculative because of the significant potential for investment loss. Markets for commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. Specific sector investing can be subject to different and greater risks than more diversified investments.
Tax Equiv Muni yields (TEY) assumes a 35% tax rate. Municipal securities may lose their tax-exempt status if certain legal requirements are not met, or if tax laws change.
Material prepared by Raymond James for use by its financial advisors.
Data source: Bloomberg, as of close of business July 17, 2014.
If you would prefer not to receive this newsletter, please e-mail our office.
The information contained herein has been obtained from sources considered reliable, but we do not guarantee that the foregoing material is accurate or complete.
©2014 Raymond James Financial Services, Inc., member FINRA / SIPC. Securities offered through Raymond James Financial Services, Inc., member FINRA / SIPC, and are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment center.