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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin with a recap of the busy night of earnings including a couple of megacaps: Microsoft (MSFT) and Alphabet (GOOGL) (page 1). Next, we provide an update on the rise in rates volatility and other credit market developments (page 2). Switching over to macro data, we give a rundown of new home sales (page 3) and home prices (page 4). Afterward, we update our Five Fed Composite with the addition of the Richmond Fed’s Survey (page 5) before closing out with an overview of the 5 year auction (page 6).

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