Oil finds strength around $60 a barrel as commodity prices rise broadly. Many major indices end week green but Asia lags on the week. US Initial Claims drop to pandemic low of 576k new claims. FED asset purchases continue. Inflation continues to consolidate. 10 Yr yields lower on week. EM yields diverge from AAA credit.
Life in commodity prices but energy still flags. Price of oil drifts back towards 60. Global equities mixed. S & P 500 reaches new record highs. US initial claims up again to 744k new claims. FED asset purchases continue on. Inflation expectations level out. 10 Yr Treasury yields down. OAS Idx trends lower.
Commodity markets continue to consolidate around new levels. Equity markets mostly up, though FTSE 100 closes week with sell off. New highs in US manufacturers’ confidence. US initial jobless claims back up to 719k. Inflation expectations continue to increase. Benchmark yields stall. The OAS for quality credit products continues to drop.
Price inflation slows in commodity market indices. Equity indices bounce back at end of the week. In the US, new jobless claims drop to 684k, from 770k last week. FED purchases remain on trend, though foreign assets continue month over month decrease. Inflation expectations end week back around previous recent high. 10 Yr Treasury yields … Read more
In commodities, Energy and Agri indices lose momentum. Metals end up higher on the week. Equity indices down globally. US Initial Claims rose to 770k, up from 736k the previous week. FED continues asset purchase programs. 10 Yr Treasuries yields continue to rise. In Fixed Income, yields rise as spreads tighten.
Oil prices continue to drive Energy indices higher. Agricultural and Metal indices go sideways. Global equity indices mostly up. 712k new initial jobless claims filed, compared to 745k in the previous week. Fed asset purchases in a down cycle. 10 Yr Treasuries reaches a new recent high, but remains outpaced by inflation expectations. Broader bond … Read more
Commodity prices stall, including oil. Broader energy market ends week on positive note though. Global equity indices have another indecisive week. In the US, Initial Claims slightly up at 745k this week vs 730k last week. Fed in a down MBS purchase cycle but Treasury purchases continue at a steady pace. In credit markets, spreads … Read more
Opec Crude ends week higher while the Agricultural and Metal Indices net neutral and down. Gold sharply down. Volatile week in equity markets as markets price in Treasury yield increases. US New Building Permits continue rapid growth. FED asset purchases expand at a higher gear. OAS Idx shows premium dropping in the face of the … Read more
Major commodity class prices continue to increase. Global equity indices mixed, with S & P 500 staying relatively flat for a second week. US Initial Jobless claims also up for second week in a row, with 861,000 new claims. US Real Estate delinquencies rose in the summer of 2020. Fed balance sheet spikes on increased … Read more
Covered equity indices mostly flat over the past week. Initial Jobless claims largely unchanged as well at 793,000 new claims on the week. Benchmark Treasury yields slightly down. Dollar index shows bearish reversal. In commodities, Oil crests $60 a barrel while agricultural products and metals increase in price as well.