Financial Markets in Review
June 2008
Domestic equity, international equity and fixed-income markets performed weakly in June as a continued result of the fallout from the U.S. Financial crisis. U.S. Treasuries' underperformance in the second quarter is attributable to a partial reversal of the flight to quality that is unfolding. The credit crisis and decreased consumption have weighed down growth investments. Domestic and global GDP estimates are weak, with and average of +1.6% and +2.0%, respectively, projected through 2008.
