Markets were somewhat mixed through August – U.S. equities wobbled and Treasury yields fell (10-year Treasury yield touched a year-to-date low), as geopolitical concerns and the one-two punch of Hurricanes Harvey and Irma ushered in trepidation. August – typically a slow month – saw a drop in long-term rates thanks to North Korea and U.S. saber-rattling coupled with data-driven declines in inflation expectations.