Worries about the economy led to a sharp decline in U.S. equities. The S&P 500 fell -4.96% and the Russell 2000 declined -8.79%. The international markets were down across the board with the MSCI EAFE declining -7.23%.

U.S. Treasuries were up strongly as investors sought safety from the stock market volatility. The 10-year Treasury was up +3.25%. The Barclays U.S. Corporate High Yield Index was down -1.61% and was the only negative sector in the fixed income markets.

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CCM-652

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