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Treasury Views

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Treasury Views

February 24, 2017, 8:26 a.m.

 

Markets Commentary: Yesterday, the Dow Jones Industrial Average posted its 10th straight day of record gains, the longest such streak since January 1987. U.S. crude producers and traders exported 1.2 million barrels of crude per day in the week ending February 17, the most in Energy Information Administration data dating back to 1993.

Washington D.C. Commentary: President Donald Trump said he wants the U.S. nuclear arsenal to be the "top of the pack." U.S. Attorney General Jeff Sessions reversed an Obama administration order phasing out the use of private prisons.

Global Commentary: An autopsy of Kim Jong Nam, older brother of Kim Jong Un, revealed he was killed with VX nerve agent, leading some to strongly believe that he was assassinated by his younger brother. If true, some suggest that a nerve gas attack, not a nuclear attack, may be a greater threat to South Korea. In Europe, the European Central Bank warned of a Europe of "small countries" with less weight and a diminished role on the global stage if the protectionism embraced by populist movements prevails.

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