Market Soapbox Week Ending 04/25/08
MON, split tape, DJIA -24 on thin volume with poor internals. All UP cept DJTA, DJUA, SP500, XAU, RUT. Bonds down 10 yr yield +1bps 3.72, $ down vs 1.5923€ & vs 103.19y, WTI +1% $117.56, gold up $917.6, TED spread up +6bps 1.62%
TUE, followthrough, DJIA -105 on light volume with ugly internals. All DOWN cept XOI. Bonds up 10 yr yield -1bps 3.71; $ down vs 1.5996€ & vs 102.98y; WTI +1.6% $119.37; gold up $924.2; TED Spread up +3bps 1.65%
WEN, wavygravy, DJIA +43 on light volume with OK internals. All UP cept DJTA, XAU, XOI. Bonds down 10 yr yield +3bps 3.74, $ up vs 1.5884€ & vs 103.535y, WTI down $118.27, gold -1.7% $909 TED spread up +5bps 1.70%
THU, surge, DJIA +86 on light volume with nicer internals. All UP cept DJTA, XOI, XAU. Bonds down BIG 10yr +9bps 3.83, $ up HUGE vs 1.5682€ &vs 104.316y, WTI -2% $116.08, gold -2% $889.4, TED spread down -4bps 1.66%
FRI, split tape, DJIA +43 on light volume with midlin internals. All UP cept NDX, NAZ, SOXX. Bonds down 10 yr yield +4bps 3.87, $ up vs 1.561€ & vs 104.46y, WTI +2% $118.48, gold up $889.7, TED spread down BIG -11bps 1.55%.
This week, DJIA +43, since 09/19/05 DJIA +2315. CRB commodities down 419.36 to 417.8
XAU down 188.51 to 176.06 & gold down 915.2 to 889.7; XOI up 1488.48 to 1489.45 & WTI up 116.69 to118.48. Volatility VIX down 20.13 to 19.5
TED Spread down 1.56% to 1.55%; Dollar index up 71.923 to 72.81. $ up vs Yen 103.67 to 104.46 & vs € 1.5817 to 1.561
This week bonds down BIG, the 2 year with the largest yield increase in 7 years.
30yr +10bps; 10yr +16bps, 5yr +28bps, 2yr +128bps, 6mo +5bps; 3mo +1bps.
30 yr @ 4.59%; 10 yr @ 3.87; 5 yr @ 3.18; 2yr @ 1.14; 6 mo @ 1.71; 3 mo @ 1.36
TUE, followthrough, DJIA -105 on light volume with ugly internals. All DOWN cept XOI. Bonds up 10 yr yield -1bps 3.71; $ down vs 1.5996€ & vs 102.98y; WTI +1.6% $119.37; gold up $924.2; TED Spread up +3bps 1.65%
WEN, wavygravy, DJIA +43 on light volume with OK internals. All UP cept DJTA, XAU, XOI. Bonds down 10 yr yield +3bps 3.74, $ up vs 1.5884€ & vs 103.535y, WTI down $118.27, gold -1.7% $909 TED spread up +5bps 1.70%
THU, surge, DJIA +86 on light volume with nicer internals. All UP cept DJTA, XOI, XAU. Bonds down BIG 10yr +9bps 3.83, $ up HUGE vs 1.5682€ &vs 104.316y, WTI -2% $116.08, gold -2% $889.4, TED spread down -4bps 1.66%
FRI, split tape, DJIA +43 on light volume with midlin internals. All UP cept NDX, NAZ, SOXX. Bonds down 10 yr yield +4bps 3.87, $ up vs 1.561€ & vs 104.46y, WTI +2% $118.48, gold up $889.7, TED spread down BIG -11bps 1.55%.
This week, DJIA +43, since 09/19/05 DJIA +2315. CRB commodities down 419.36 to 417.8
XAU down 188.51 to 176.06 & gold down 915.2 to 889.7; XOI up 1488.48 to 1489.45 & WTI up 116.69 to118.48. Volatility VIX down 20.13 to 19.5
TED Spread down 1.56% to 1.55%; Dollar index up 71.923 to 72.81. $ up vs Yen 103.67 to 104.46 & vs € 1.5817 to 1.561
This week bonds down BIG, the 2 year with the largest yield increase in 7 years.
30yr +10bps; 10yr +16bps, 5yr +28bps, 2yr +128bps, 6mo +5bps; 3mo +1bps.
30 yr @ 4.59%; 10 yr @ 3.87; 5 yr @ 3.18; 2yr @ 1.14; 6 mo @ 1.71; 3 mo @ 1.36
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