Financial data for the week ending March 12, 2021

 Source:

http://creditbubblebulletin.blogspot.com/2021/03/weekly-commentary-let-facts-speak-q4.html

For the week ending
March 12, 2021:

S&P500 jumped 2.6% (up 5.0% y-t-d)

Dow Industrials surged 4.1% (up 7.1%)

Utilities rose 4.5% (down 1.5%)

Transports gained 3.9% (up 13.2%)

S&P 400 Midcaps jumped 5.3% (up 14.7%)

Small cap Russell 2000 surged 7.3% (up 19.1%)

Nasdaq100 rallied 2.1% (up 0.4%)

Semiconductors recovered 1.5% (up 6.1%)

Biotechs increased 0.2% (down 3.5%).

With bullion rising $26,
the HUI gold stock index
rallied 3.5% (down 9.5%)

U.K.'s FTSE advanced 2.0% (up 4.7% y-t-d).

Japan's Nikkei jumped 3.0% (up 8.3% y-t-d).

France's CAC40 surged 4.6% (up 8.9%).

German DAX rose 4.2% (up 5.7%).

Spain's IBEX 35 gained 4.3% (up 7.1%).

Italy's FTSE MIB surged 5.0% (up 8.5%)

Brazil's Bovespa ideclined 1.0% (down 4.1%)

Mexico's Bolsa jumped 3.1% (up 8.4%).

South Korea's Kospi increased 0.9% (up 6.3%).

India's Sensex added 0.8% (up 6.4%).

China's Shanghai fell 1.4% (down 0.6%).

Russia's MICEX surged 3.7% (up 7.6%)

Ten-year US Treasury bond yields
jumped six bps to 1.63%
  (up 71bps year over year).

Over the past year,
Fed Credit expanded 78.4%.

Freddie Mac 30-year fixed mortgage rates
rose three bps to a 

seven-month high 3.05%
   (down 31bps y-o-y).

Fifteen-year rates
gained four bps to 2.38%
   (down 39bps).

Five-year hybrid ARM rates
increased four bps to 2.77%
    (down 24bps).

Jumbo mortgage
30-year fixed rates
up three bps to 3.23%
   (down 74bps).


Commodities  Watch:
Bloomberg Commodities Index
was little changed (up 10.1% y-t-d).

Spot Gold rallied 1.6% to $1,727 (down 9.0%).

Silver recovered 2.7% to $25.919 (down 1.8%).

WTI crude slipped 48 cents to $65.61 (up 35%).

Gasoline rose another 4.1% (up 53%)

Natural Gas dropped 3.7% (up 2%).

Copper gained 1.6% (up 18%).

Wheat dropped 2.2% (unchanged).

Corn fell 1.2% (up 11%).

Bitcoin gained $7,913,
or 16%, this week to $56,966 (up 96%).

"The Fed’s Z.1 

“flow of funds” report
is our quarterly glimpse at
Credit and financial 

developments:

Total Non-Financial Debt (NFD)
ended 2020 at $61.167 TN,
or a record 292% of GDP,
having increased $27.8 TN,
'or 83%, since the end of 2007.

NFD ended 2019 at 254% of GDP,
up from 230% to end 2007;
189% to end the nineties;
186% at the end of the eighties;
and 140% to conclude the seventies.


The Credit Bubble continues to be
fueled by a mind-boggling expansion
of government debt.

(for the year) Outstanding
Treasury Securities surged
an unprecedented $4.582 TN,
or 24%, to a record $23.601 TN.

... Treasuries ended 2020
at a record 113% of GDP,
up from 42% to end 2007.


... Total Debt Securities
... endied the year 2020
at a record 248% of GDP
(up from 204% to end 2007).


Total Equities
... ended 2020 at a
record 308% of GDP.
... previous cycle peaks
were 187% at Q3 2007 and
210% during Q1 2000.


Total (Debt & Equities) Securities ...
ended 2020 at a record 566% of GDP.

This was up greatly
from previous cycle peaks
387% during Q3 2007 and
368% back in Q1 2000.

For additional perspective,
Total Securities-to-GDP
ended the eighties at 194%
and the seventies at 148%.


Real Estate as a percentage of GDP
jumped to 171%, up from trough
 2011’s 129% to the highest reading
since 2007’s 178%.

The Fed’s Balance Sheet has now inflated
$6.648 TN, or 700%, since the end of 2007,
rising from 7% of GDP to 36%.