Financial Professionals


Rates Rise

Joe Terranova
On Wednesday morning, May 29, the yield on the 10-year U.S. Treasury touched 2.2318%, its highest level since April 2012. Keep in mind, it was the late March 2012 price action that precipitated a larger, prolonged sell-off below 2% throughout 2012 and early 2013.

End-of-Week Economic Data

Joe Terranova
In the wake of Wednesday’s FOMC minutes release, increased speculation regarding when the FOMC will begin tapering its monthly asset purchase program has taken center stage in the business media.


Joe Terranova
The S&P 500® Index (SPX) traced a rather ugly intraday reversal on Wednesday.

CQ1 Earnings Summary

Joe Terranova
464 out of 500 S&P 500® Index (SPX) companies have reported earnings.

Empire Manufacturing & Industrial Production

Joe Terranova
The Empire (New York) Manufacturing Index contracted in May to (-1.43) after last month’s +3.05 reading. Consensus estimates for the report were +4.00.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.