Market Update Report 6/9/2014 | Beacon Rock Wealth Advisors

The KUIK Market Update for Monday, June 9:
Markets are up.
Index	Direction	Change	Units	Time	Change
Dow	Up	18	points	16,942	8:06 AM
S&P500	Up	0.1%	percent	1,952	2.39
Nasdaq Composite	Up	0.3%	percent	4,333	11.34
30 Year Treasury	Up	2	Basis Points	3.46	Annual Yield
There is evidence that inflation is now moving higher, according to James Bullard, president of the St. Louis Fed. This is a significant shift in Bullard’s outlook. Last month, Bullard said that inflation was stable and any uptick in price levels was just a forecast. Last year Bullard was very concerned about low inflation, even dissenting from a Fed policy statement over concern the central bank wasn’t doing enough on the issue.
Borrowing costs on 10-year Spanish government bondsdropped below the yield on 10-year U.S. notes today, as Spain benefited from the latest round of European Central Bank measures. The 10-year Spanish yield fell by 4.9 basis points to 2.595%, according to Tradeweb, extending its fall from last week when the ECB introduced an aggressive round of stimulus measures, including negative interest rates and targeted long-term refinancing operations.
President Obama today will announce the expansion of a program that helps student-loan borrowers manage their debt. CNN Money reports the White House says Obama will expand the criteria for an alternative repayment program, which caps monthly payments for certain federal student loans at 10% of a borrower’s discretionary income.
Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK.
http://www.marketwatch.com/story/feds-bullard-says-inflation-is-now-rising-2014-06-09-9911024
http://www.marketwatch.com/story/spanish-bond-yields-drop-below-us-borrowing-costs-2014-06-09?dist=lcountdown
http://blogs.marketwatch.com/capitolreport/2014/06/09/obama-to-promise-student-loan-relief-and-more-must-reads/
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