August 29, 2017
North Korea's missile launch over Japan raised demand for the safety of Treasuries, strength that gradually eased through the session. The 10-year yield, hitting a low of 2.10 percent overnight, ended at 2.13 percent for a 3 basis point decline on the day. Demand for the dollar also rose with the dollar index rising 0.2 percent to 92.39.
The devastation in Houston, which is a major transit point for petroleum, has yet to have a significant impact on oil which only edged lower to $46.37. Stocks posted gains with the Dow up 0.3 percent to 21,865. The day's economic news is led by another surprising gain for consumer confidence and another flat but perhaps welcome showing for Case-Shiller home prices.