With the Federal Reserve’s rate-hike plans on hold for the foreseeable future, US fixed-income markets continue to rally. Leading the across-the-board gains for bonds this year by wide margins: high-yield securities and long-term corporates, based on a set of exchange-traded funds through yesterday’s close (Apr. 10).
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WikiLeaks co-founder Julian Assange reportedly arrested in London: CNBC
Treasury misses deadline for sending Trump’s tax returns to Congress: Politico
US and China agree to trade deal enforcement offices: Reuters
EU allows UK to delay Brexit until Oct 31: BBC
China’s consumer inflation rose sharply in March: CNBC
Fed minutes: economy could move interest rates in ‘either direction’: BR
Asset-management firm Guggenheim expects next recession will be mild: MW
Businesses expect inflation will hold steady at 1.9% annual pace: Atlanta Fed
US consumer inflation popped in March, but core 1yr trend slipped to 13-mo low:

Revised nowcasts for the US economy edged higher in recent days, but the Bureau of Economic Analysis is still expected to report a slowdown in growth for the first-quarter report on gross domestic product (GDP) that’s due on April 26.
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Israeli Prime Minister Benjamin Netanyahu wins re-election in close race: Reuters
US sends warship to disputed area in S. China Sea in signal to Beijing: Bloomberg
Europe Union expected to grant extension to UK for Brexit deadline: CNBC
Trump to sign exec. order to stop states from blocking oil pipelines: CNBC
Barr says he’ll publicly release Mueller report within a week: WSJ
ECB expected to remain cautious in today’s policy decision: Bloomberg
Senate Republicans tell Trump to drop Cain’s nomination to Fed: Politico
US small business optimism holds at ‘historically strong level’ in March: NFIB
Job openings in US fell to 11-month low in February: CNBC

The US stock market continued to defy gravity and edged up on Monday. The S&P 500 posted its eighth straight daily gain, marking its longest rally since 2017. Meanwhile, another milestone for the market’s bullish momentum is unfolding, based on the length of the increase in equity prices since the end of the last recession. Assuming that the current economic expansion continues through June, the current post-recession rally for the S&P 500 is on track for a record-setting endurance run.
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US may add new tariffs on EU goods in response to Airbus subsidies: Reuters
Federal judge blocks Trump policy of forcing asylum-seekers to wait in Mexico: Fox
UK’s May to meet with leaders of France and Germany re: Brexit on Tues: MW
Cases of measles recorded in US rose 100% last week: USA Today
Fed says monetary tightening isn’t squeezing economy: CNBC
US factory orders fell in Feb–fourth slide in last five months: MW
US stocks market (S&P 500) up for an eighth straight session: MW

Commodities and equity markets around the world posted the strongest gains for the major asset classes during the trading week through Friday, March 5, based on a set of exchange-traded funds. Meanwhile, most bond markets retreated.
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US Homeland Security Secretary Kirstjen Nielsen resigns: Reuters
Pakistan accuses India of planning new military attack: BBC
UK headed for hard exit from EU on Friday (Apr 12): CNBC
Oil at 5-month high as fighting escalates in Libya: Reuters
What can Australia’s 28-year expansion teach us about business cycles? NY Times
US payrolls bounced back in March after stalling in February: CNBC
US consumer credit growth slowed more than forecast in February: Bloomberg
US gasoline closed at 6-month high last week:

US companies hired 182,000 workers in March, far above the meager 28,000 increase in February, the Labor Department reports. The news triggered a collective sigh of relief by effectively confirming that February’s weak gain was noise.
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