Financial data for the week ending March 21, 2021

Source of this post and the next one:

 http://creditbubblebulletin.blogspot.com/2021/05/weekly-commentary-just-facts-may-21-2021.html

 

 

Friday, May 21, 2021

Weekly Commentary

by Doug Noland

 

For the week ending May 21, 2021:

 

STOCKS:

 

S&P500 slipped 0.4% 

   (up 10.6% y-t-d), 

 

Dow Industrials declined 0.5% 

   (up 11.8%).

 

Utilities added 0.4% 

   (up 4.7%). 

 

Transports sank 2.8% 

   (up 23.7%)

 

S&P 400 Midcaps dropped 1.2%  

   (up 16.6%), 

 

Small cap Russell 2000 dipped 0.4%

    (up 12.2%)

 

Nasdaq100 little changed 

   (up 4.1%). 

 

Semiconductors rallied 2.4% 

   (up 9.2%). 

 

Biotechs gained 0.5% 

   (down 2.5%). 

 

With GOLD bullion surging $38, 

the HUI gold STOCK index 

jumped 4.4%    

    (up 6.9% y-t-d).

 

U.K.'s FTSE declined 0.4%

    (up 8.6% y-t-d).

 

Japan's Nikkei rallied 0.8% 

   (up 3.2% y-t-d). 

 

France's CAC40 unchanged 

   (up 15.0%). 

 

German DAX little changed 

    (up 12.5%). 

 

Spain's IBEX 35 gained 0.6% 

    (up 14.0%).

 

Italy's FTSE MIB rose 0.8% 

   (up 12.3%).

 

Brazil's Bovespa added 0.6% 

   (up 3.0%), 

 

Mexico's Bolsa advanced 1.1% 

   (up 13.0%). 

 

South Korea's Kospi little changed

    (up 9.8%). 

 

India's Sensex surged 3.7% 

    (up 5.8%). 

 

China's Shanghai unchanged 

   (up 0.4%). 

 

Turkey's Istanbul National 100 index gained 0.7% 

   (down 1.7%). 

 

Russia's MICEX increased 0.6% 

   (up 11.3%).

 

 

BONDS: 

Three-month US Treasury bill rates ended the week at negative 0.0025%.  

 

Ten-year US Treasury bond yields declined a basis point to 1.62%

    (up 71bps year-over-year). 

 

Thirty-year US Treasury bond yields declined two bps to 2.32% 

   (up 67bps y-o-y). 

 

U.S. Fannie Mae MBS (bond) yields were unchanged at 1.86% (up 52bps).

 

Japanese 10-year "JGB" yields dipped a basis point to 0.08% (up 6bps y-t-d).

 

German bund yields were unchanged at negative 0.13% (up 44bps).

 

U.K. 10-year gilt yields fell three bps to 0.83% (up 63bps).

 

US  MORTGAGE  RATES:

Freddie Mac 30-year fixed mortgage rates rose six bps to 3.0% (down 24bps y-o-y). 

 

Fifteen-year Mortgage rates gained three bps to 2.29% (down 41bps). 

 

Five-year hybrid ARM mortgage rates were unchanged at 2.59% (down 58bps). 

 

Jumbo mortgage 30-year fixed rates up four bps to 3.11% (down 53bps).

 

Federal Reserve Credit last week surged $91.3bn to a record $7.875 TN. Over the past 88 weeks, Fed Credit expanded $4.148 TN, or +111%.

 

 

COMMODITIES:

Bitcoin collapsed $12,707, 

or 25.4%, this week to $37.313 

  (up 28% year-to-date).

 

Bloomberg Commodities Index 

declined 1.2% 

   (up 16.5% y-t-d). 

 

Spot Gold jumped 2.1% to $1,881 

   (down 0.9%). 

 

Silver gained 0.5% to $27.56 

    (up 4.4%). 

 

WTI crude oil dropped 

$1.79 to $63.58 

    (up 31%). 

 

Gasoline fell 2.7% 

   (up 47%)

 

Natural Gas declined 1.9% 

   (up 15%). 

 

Copper sank 3.7%

    (up 27%).

 

Wheat dropped 4.7% 

   (up 5%). 

 

Corn gained 2.4%

    (up 33%).