KeyBanc Capital Markets is pleased to present our Business Services monthly newsletter. This publication summarizes recent macroeconomic data, public company stock trading performance, valuation metrics, M&A activity, and capital markets transactions and highlights our perspectives on the industry. Visit our preference center to subscribe to this and other newsletters.
Industry news and commentary from the KeyBanc Capital Markets Diversified Industries Investment Banking Team. In this issue:
- The KeyBanc Business Services Index was up for the month, registering a 2.5% move (pg. 23)
- The interest rate curve fell as the 3 month LIBOR rate dropped 4 bps to 2.32% while the 30-year treasury yield declined 11 bps to 3.00% (pg. 2 & 32)
- The Professional & Business Services sector saw nonfarm payrolls increase by 31,000 in May (pg. 29)