Market Soapbox Week Ending 06/20/08
MON, split tape, DJIA -38 on lower volume with OK internals. All UP cept DJUA, XMI. Bonds down 10 yr yield +1bps 4.27, $ down vs 1.5478€ & vs 108.135y, WTI -1% $133.88, gold +1.5% $886.3, TED spread up +2bps 0.86%.
TUE, triple digit down, DJIA -109 on lower volume with ugly internals. All DOWN cept DJUA, XOI, XAU. Bonds up 10 yr yield -7bps 4.2, $ down vs 1.551€ & vs 107.949y, WTI down $133.55, gold up $886.9, TED spread down -4bps 0.82%.
WEN, triple digit followthrough, DJIA -131 on average volume with horrid internals. All DOWN cept DJTA, XAU. Bonds up 10 yr yield -6ps 4.14. $ down vs 1.5532€ & vs 107.795y, WTI +1.75% $136.33; gold +1% $893.5; TED Spread up +6bps 0.88%
THU, bounce & flop, DJIA +34 on average volume with fair internals. All UP cept XAU, XOI. Bonds down 10 yr +5bps 4.19, $ up vs 1.5514€ & vs 107.88y, WTI -3% $132, gold up $899.3, TED spread up +1bps 0.89%.
FRI, double triple dip, DJIA -220 on higher volume with devastating internals. All DOWN BIG. Bonds up 10 yr yield -2bps 4.17, $ down vs 1.5606€ & vs 107.33y, WTI +1% $134.88, gold +1% $903.7, TED spread up +6bps 0.95%.
This week, DJIA -464, since 09/19/05 DJIA +1275. CRB commodities up 445.87 to 455.38
XAU up 175.46 to 178.6 & gold up 873.1 to 903.7; XOI down 1531.91 to 1494.28 & WTI up 134.86 to 134.88. Volatility VIX up 21.22 to 22.99
TED Spread up BIG 0.84 to 0.95; Dollar index down 74.062 to 73.047; $ down BIG vs Yen 108.185 to 107.33 & vs €1.5381 to 1.5606
This week bonds UP.
30yr -7bps; 10yr -9bps, 5yr -14bps, 2yr -13bps, 6mo -7bps; 3mo -12bps.
30 yr @ 4.72%; 10 yr @ 4.17; 5 yr @ 3.59; 2yr @ 2.89; 6 mo @ 2.22; 3 mo @ 1.85
TUE, triple digit down, DJIA -109 on lower volume with ugly internals. All DOWN cept DJUA, XOI, XAU. Bonds up 10 yr yield -7bps 4.2, $ down vs 1.551€ & vs 107.949y, WTI down $133.55, gold up $886.9, TED spread down -4bps 0.82%.
WEN, triple digit followthrough, DJIA -131 on average volume with horrid internals. All DOWN cept DJTA, XAU. Bonds up 10 yr yield -6ps 4.14. $ down vs 1.5532€ & vs 107.795y, WTI +1.75% $136.33; gold +1% $893.5; TED Spread up +6bps 0.88%
THU, bounce & flop, DJIA +34 on average volume with fair internals. All UP cept XAU, XOI. Bonds down 10 yr +5bps 4.19, $ up vs 1.5514€ & vs 107.88y, WTI -3% $132, gold up $899.3, TED spread up +1bps 0.89%.
FRI, double triple dip, DJIA -220 on higher volume with devastating internals. All DOWN BIG. Bonds up 10 yr yield -2bps 4.17, $ down vs 1.5606€ & vs 107.33y, WTI +1% $134.88, gold +1% $903.7, TED spread up +6bps 0.95%.
This week, DJIA -464, since 09/19/05 DJIA +1275. CRB commodities up 445.87 to 455.38
XAU up 175.46 to 178.6 & gold up 873.1 to 903.7; XOI down 1531.91 to 1494.28 & WTI up 134.86 to 134.88. Volatility VIX up 21.22 to 22.99
TED Spread up BIG 0.84 to 0.95; Dollar index down 74.062 to 73.047; $ down BIG vs Yen 108.185 to 107.33 & vs €1.5381 to 1.5606
This week bonds UP.
30yr -7bps; 10yr -9bps, 5yr -14bps, 2yr -13bps, 6mo -7bps; 3mo -12bps.
30 yr @ 4.72%; 10 yr @ 4.17; 5 yr @ 3.59; 2yr @ 2.89; 6 mo @ 2.22; 3 mo @ 1.85
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