Economic Commentary

3-17-14 Global funds moved out of stock markets and into the safe haven of Treasuries causing prices to rise and the 10-year yield to fall to 2.65%. This decline was the largest drop since January 23rd and comes in response to increasingly heated comments from world leaders with regard to the turmoil in Ukraine’s Crimea region. In addition, data showing a dramatic slowing in China’s economy in the first two months of the year added to the flight into Treasuries. While growth in investment, retail sales and factory output were reported at multi-year lows, China’s Premier Li Keqiang indicated he does not want to employ economic stimulus to spur growth. Milan Rubenstein Windy City RE LLC 737 N. Michigan Ave Suite 1230 Chicago IL 60611 Office: 312-867-8744 x 200 www.windycityre.com