Five Hundred Words 11/19/2018

Monday, November 19, 2018

Daily Writing

9:44 AM

We’ve heard several bullish and bearish arguments toward US treasuries.  The bullish case comes after the Fed’s newly appointed vice-chairman Richard Clarida reinforced the market’s view that the US central bank would be in no hurry to step up its pace of interest rate rises.[1]  Following Clarida’s remarks Treasury yields dropped by ten basis points to 3.06%.

Equities continue to struggle but bond yields aren’t moving lower.

 

 

[1] https://www.ft.com/content/dfa2dbc4-e9a9-11e8-885c-e64da4c0f981

 

Market Data

Resource Commodities

November 19, 2018

November 16, 2018

November 15, 2018

November 14, 2018

November 13, 2018

Gold spot

1222.70

1214.50

1203.25

1201.90

1199.98

Silver

14.340

14.270

14.130

13.985

13.990

Platinum

841.00

840.00

833.00

837.00

838.00

Copper

2.80

2.75

2.78

2.76

2.72

Crude (WTI)

55.66

57.82

56.53

56.43

57.13

 

Global 10-Year Government Bond Yields

 

November 19, 2018

November 16, 2018

November 15, 2018

November 14, 2018

November 13, 2018

USA

3.09%

3.08%

3.09%

3.15%

3.15%

UK

1.41%

1.42%

NA

NA

NA

Germany

0.39%

0.36%

0.36%

0.40%

0.39%

Brazil

10.10%

10.15%

10.39%

10.44%

10.54%

Italy

3.50%

3.49%

3.51%

3.48%

3.44%

Japan

0.08%

0.09%

0.10%

0.10%

0.10%

 

Major U.S. Indexes

 

November 19, 2018

November 16, 2018

November 15, 2018

November 14, 2018

November 13, 2018

VIX

18.78

20.04

20.41

20.52

19.45

DOW

254.13

252.42

250.61

253.88

253.21

S&P 500

273.73

271.74

268.76

274.18

273.06

NASDAQ

7247.87

7247.87

7129.04

7271.83

7259.66

 

Currency Cross Rates

 

November 19, 2018

November 16, 2018

November 15, 2018

November 14, 2018

November 13, 2018

USD/JPY

112.8600

112.8300

113.2200

113.9600

113.8200

EUR/USD

1.1427

1.1415

1.1303

1.1303

1.1292

AUD/USD

0.7289

0.7332

0.7272

0.7224

0.7219

CHF/USD

1.0033

0.9996

0.9949

0.992

0.9929

USD/CNY

6.9427

6.936

6.938

6.9509

6.9545

USD Index

96.39

96.43

97.22

97.12

97.16

 

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