Financial data for the week ending March 5, 2021

Source:

http://creditbubblebulletin.blogspot.com/2021/03/weekly-commentary-de.html 

My edited, much easier to read version,

of a column by Doug Noland:

For the week ending March 5, 2021:

GLOBAL  STOCK  MARKETS:

S&P500 increased 0.8% 

(up 2.3% y-t-d)

 

Dow Industrials up 1.8% 

 (up 2.9%)

 

Utilities rallied 1.7% 

   (down 5.8%). 

 

Transports gained 2.2%

    (up 9.0%)

 

S&P 400 Midcaps up 0.7%

    (up 8.9%)

 

Small cap Russell 2000 down 0.4%

    (up 11.0%)

 

Nasdaq100 down1.9% 

   (down 1.7%)

 

Semiconductors down 4.8% 

   (up 4.5%)

 

Biotechs down 3.6% 

   (down 3.5%). 

 

Though gold bullion fell $34, 

the HUI gold stock index 

was up 4.7% 

   (down 12.6%).

 

U.K.'s FTSE rallied 2.3% 

   (up 2.6% y-t-d).

 

 Japan's Nikkei slipped 0.4% 

   (up 5.2% y-t-d).

  

France's CAC40 rallied 1.4% 

   (up 4.2%)

 

German DAX gained 1.0% 

   (up 1.5%). 

Spain's IBEX 35 rose 0.8%

    (up 2.6%). 

 

Italy's FTSE MIB up 0.5% 

   (up 3.3%). 

 

Brazil's Bovespa rallied 4.7% 

   (down 3.2%)

 

Mexico's Bolsa jumped 3.9% 

   (up 5.2%). 

 

South Korea's Kospi added 0.4% 

     (up 5.3%). 

 

India's Sensex rallied 2.7%

   (up 5.6%). 

 

 China's Shanghai Exchange

 declined 0.2%

    (up 0.8%). 

 

Turkey's Istanbul National 100 index 

surged 4.8% (up 4.8%). 

 

Russia's MICEX 

rose 2.0% (up 3.8%).

US  BONDS  &  MORTGAGES:

Ten-year US Treasury bond yields 

surged 16 bps to 1.57%

    (up 65bps year over year). 

 

Thirty-year US Treasury bond yields 

 jumped 15 bps to 2.30% 

   (up 66bps year over year).

Federal Reserve Credit last week declined $44.7bn to $7.507 TN. Over the past year, Fed Credit expanded $3.362 TN, or 81%.

Freddie Mac 30-year 

fixed mortgage rates 

rose six bps to a 

seven-monthhigh3.02%      

    (down 27bps y-o-y). 

 

Fifteen-year rates 

were unchanged at 2.34% 

  (down 45bps). 

 

Five-year hybrid ARM rates 

dropped 26 bps to 2.73% 

   (down 45bps).

 

Jumbo mortgage 

30-year fixed rates 

up two bps to 3.20% 

   (down 58bps).

COMMODITIES:

Bloomberg Commodities Index 

added 0.7% (up 10.0% y-t-d). 

 

Spot Gold fell 2.0% to $1,701 

(down 10.4%). 

 

Silver sank 5.2% to $25.246 

(down 4.4%). 

 

WTI crude surged 

$4.53 to $66.09 (up 36%). 

Gasoline jumped 10.0% (up 46%)

Natural Gas declined 2.4% (up 6%). 

Copper slipped 0.5% (up 16%). 

Wheat declined 1.1% (up 2%). 

Corn dipped 0.6% (up 13%). 

Bitcoin rallied $2,550, or 5.5%,

 this week to $49,053 (up 69%).