Market Soapbox Week Ending 07/03/08
MON, split tape, DJIA +3 on higher volume with ugly internals. All DOWN cept DJTA, XAU, XOI. Bonds down 10 yr yield +2bps 3.99, $ up vs 1.5762€ & down vs 106.075y, WTI up $140.03, gold down $928, TED spread down BIG -23bps 0.91%.
TUE, down & up, DJIA +32 on higher volume with midlin internals. All UP cept DJTA, SOXX, XOI. Bonds flat 10 yr yield 3.99, $ down vs 1.579€ & up vs 106.116y, WTI +1% $141.39, gold +1.7% $944.5, TED spread up +2bps 0.93%.
WEN, triple digit downdraft, DJIA -167 on average volume with devastating internals. All DOWN BIG. Bonds down 10 yr yield -2bps 3.97. $ down vs 1.588€ & vs 105.952y, WTI +2% $143.83, gold up $946.5; TED Spread up +4bps 0.97%
THU, split tape headfake, DJIA +73 on half day volume with ugly internals. All UP cept DJUA, NAZ, MID, RUT, SOXX, XAU. Bonds down10 yr +1bps 3.98, $ up vs 1.5704€ & vs 106.785y, WTI up $145.25, gold down $936.2, TED spread down -1bps 0.96%.
FRI, market closed, Happy Independence Day!
This week, DJIA -59, since 09/19/05 DJIA +730. CRB commodities up 464.4 to 472.36
XAU down 194.49 to 188.73 & gold up 931.3 to 936.2; XAU down 1508.4 to 1482.18 & WTI up 140.21 to 145.25. Volatility VIX up 23.44 to 24.80
TED Spread down 1.14% to 0.96%; Dollar index up 72.277 to 72.645; $ up vs Yen 106.14 to 106.785 & vs €1.5793 to 1.5704
This week bonds split, short end down; mid up.
30yr +2bps; 10yr +1bps, 5yr -7bps, 2yr -10bps, 6mo -4bps; 3mo +18bps.
30 yr @ 4.54%; 10 yr @ 3.98; 5 yr @ 3.28; 2yr @ 2.53; 6 mo @ 2.08; 3 mo @ 1.83
TUE, down & up, DJIA +32 on higher volume with midlin internals. All UP cept DJTA, SOXX, XOI. Bonds flat 10 yr yield 3.99, $ down vs 1.579€ & up vs 106.116y, WTI +1% $141.39, gold +1.7% $944.5, TED spread up +2bps 0.93%.
WEN, triple digit downdraft, DJIA -167 on average volume with devastating internals. All DOWN BIG. Bonds down 10 yr yield -2bps 3.97. $ down vs 1.588€ & vs 105.952y, WTI +2% $143.83, gold up $946.5; TED Spread up +4bps 0.97%
THU, split tape headfake, DJIA +73 on half day volume with ugly internals. All UP cept DJUA, NAZ, MID, RUT, SOXX, XAU. Bonds down10 yr +1bps 3.98, $ up vs 1.5704€ & vs 106.785y, WTI up $145.25, gold down $936.2, TED spread down -1bps 0.96%.
FRI, market closed, Happy Independence Day!
This week, DJIA -59, since 09/19/05 DJIA +730. CRB commodities up 464.4 to 472.36
XAU down 194.49 to 188.73 & gold up 931.3 to 936.2; XAU down 1508.4 to 1482.18 & WTI up 140.21 to 145.25. Volatility VIX up 23.44 to 24.80
TED Spread down 1.14% to 0.96%; Dollar index up 72.277 to 72.645; $ up vs Yen 106.14 to 106.785 & vs €1.5793 to 1.5704
This week bonds split, short end down; mid up.
30yr +2bps; 10yr +1bps, 5yr -7bps, 2yr -10bps, 6mo -4bps; 3mo +18bps.
30 yr @ 4.54%; 10 yr @ 3.98; 5 yr @ 3.28; 2yr @ 2.53; 6 mo @ 2.08; 3 mo @ 1.83
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