June 9, 2017
Markets showed little reaction to last night's surprise flop for the U.K. Conservatives who, instead of expanding their majority, lost their majority. Stocks were mixed on the day with the Dow posting a weekly gain of 0.3 percent at 21,271. Demand for Treasuries fell in the week with the 6-month Treasury yield up 6 basis points to 2.21 percent. Oil finished a bad week, down 4.0 percent to just under $46.