Financial Data for the week ending Friday, March 19, 2021

Source:

http://creditbubblebulletin.blogspot.com/2021/03/weekly-commentary-powell-on-inflation.html

by Doug Noland:

For the Week: 

S&P500 declined 0.8% (up 4.2% y-t-d)

 

Dow slipped 0.5% (up 6.6%)

 

Utilities dipped 0.6% (down 2.1%). 

 

Transports added 0.2% (up 13.4%)

 

S&P 400 Midcaps lost 1.2% (up 13.3%)

 

Small cap Russell 2000 dropped 2.8% (up 15.8%). 

 

The Nasdaq100 declined 0.5% (down 0.2%). 

 

The Semiconductors rose 1.6% (up 7.7%). 

 

The Biotechs gained 0.6% (down 2.8%). 

 

With bullion gaining $18,

the HUI gold index rallied 3.0% (down 6.8%).

 U.K.'s FTSE declined 0.8% (up 3.8% y-t-d).

Japan's Nikkei added 0.2% (up 8.6% y-t-d). 

 

France's CAC40 declined 0.8% (up 8.0%)

 

German DAX increased 0.8% (up 6.6%). 

 

Spain's IBEX 35 dropped 1.8% (up 5.2%). 

 

Italy's FTSE MIB added 0.4% (up 8.8%)

 

Brazil's Bovespa rallied 1.9% (down 2.3%)

 

Mexico's Bolsa fell 1.6% (up 6.7%). 

 

South Korea's Kospi declined 0.5% (up 5.8%). 

 

India's Sensex dropped 1.8% (up 4.4%). 

 

China's Shanghai declined another 1.4% (down 2.0%). 

 

Turkey's Istanbul National 100 index fell 1.8% (up 3.5%). 

 

Russia's MICEX dropped 1.8% (up 5.7%).

 

US Ten-year Treasury bond yields

 jumped 10 bps to 1.72% (up 81bps). 

 

Thirty-year  bond yields 

rose six bps to 2.44% (up 79bps).

 

Federal Reserve Credit last week 

surged $105.4bn to a record $7.636 TN. 

Over the past 54 weeks, 

Fed Credit expanded $3.492 TN, or 84.3%. 

 

Freddie Mac 30-year fixed mortgage rates 

rose four bps to an almost nine-month high 3.09% 

  (down 56bps y-o-y). 

 

Fifteen-year rates 

increased two bps to 2.40% (down 66bps). 

 

Five-year hybrid ARM rates 

added two bps to 2.79% (down 32bps). 

 

Jumbo mortgage 30-year fixed rates 

up five bps to 3.28% (down 80bps).

 

Commodities:

Bloomberg Commodities Index 

   fell 1.7% (up 8.3% y-t-d). 

Spot Gold gained 1.0% to $1,745 (down 8.1%). 

Silver rose 1.3% to $26.2461 (down 0.6%). 

 WTI crude sank $4.19 to $61.42 (up 27%). 

Gasoline dropped 9.6% (up 38%)

Natural Gas fell 2.5% (unchanged). 

Copper declined 0.7% (up 17%). 

Wheat fell 1.8% (down 2%). 

Corn jumped 3.5% (up 15%). 

Bitcoin added $1,444, or 2.5%, 

this week to $58,410 (up 100%).