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Commentaries — September 13, 2006

Assessing Commodities’ Impact on Financial Markets Equity markets are not treating the recent commodity price downturn as a sign of impending global weakness. Patterns in sector credit default swap costs and industry group relative performance suggest nothing out of the ordinary in the impact of lower commodity prices for U.S. bond and equity markets, respectively.

Open Assessing Commodities’ Impact on Financial Markets
Equity markets are not treating the recent commodity price downturn as a sign of impending global weakness. Patterns in sector credit default swap costs and industry group relative performance suggest nothing out of the ordinary in the impact of lower commodity prices for U.S. bond and equity markets, respectively.