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Economic Update
Stocks are mixed to begin the week. The DJIA and S&P are lower today, while the Nasdaq is higher. The British pound fell to a record low before recovering some after the U.K. announced the biggest tax cuts in 50 years.

The lone data release today, the Chicago Fed National Activity Index, fell to a 0.0 reading in Aug. 55 indicators out of 85 were worse month-over-month. The 3-month average rose to 0.01, up from -0.08.

Treasury yields are higher, with the 2-year T yield up 0.8 basis points to 4.22%, the 5-year T yield up 5.7 basis points to 4.04%, and the 10-year T yield up 7.8 basis points to 3.77%. Advance rates are higher throughout most of the curve today.
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