Financial data summary for the week ending November 25, 2022

 SOURCE:   Credit Bubble Bulletin : Weekly Commentary: Market Thoughts

For the Week Ending November 25, 2022

GLOBAL  STOCK  INDEXES:

S&P500 gained 1.5% (down 15.5% y-t-d)

Dow Industrials rose 1.8% (down 5.5%)

Utilities jumped 3.1% (down 2.7%)

Banks rose 2.0% (down 18.3%)

Broker/Dealers increased 1.6% (down 2.2%)

Transports gained 1.3% (down 12.4%)

S&P 400 Midcaps jumped 1.9% (down 9.9%)

Small cap Russell 2000 gained 1.1% (down 16.8%).  Nasdaq100 increased 0.7% (down 28.0%). 

Semiconductors advanced 1.0% (down 30.3%). 

Biotechs gained 0.6% (down 5.4%). 

With bullion increasing $4, 

the HUI gold equities index jumped 3.9% 

  (down 12.7%)

U.K.'s FTSE gained 1.4% (up 1.4% y-t-d).

Japan's Nikkei rallied 1.4% (down 1.8% y-t-d). 

France's CAC40 rose 1.0% (down 6.2%)

German DAX increased 0.8% (down 8.5%). 

Spain's IBEX 35 surged 3.6% (down 3.4%). 

Italy's FTSE MIB increased 0.2% (down 9.6%)

Brazil's Bovespa was little changed (up 4.0%)

Mexico's Bolsa increased 0.2% (down 3.0%). 

South Korea's Kospi dipped 0.3% (down 18.1%). 

India's Sensex gained 1.0% (up 6.9%). 

China's Shanghai Exchange unchanged (down 14.8%).

Turkey's Istanbul National 100 surged 7.7% (up 162%). Russia's MICEX declined 0.5% (down 42%).

US  BONDS
Three-month Treasury bill rates ended the week at 4.16%.

Two-year government yields fell eight bps to 4.56% (up 372bps y-t-d). 

Five-year T-note yields dropped 15 bps to 3.86% (up 260bps). 

Ten-year Treasury yields fell 15 bps to 3.68% (up 217bps). 

Long bond yields sank 19 bps to 3.74% (up 183bps).

Benchmark Fannie Mae MBS yields dropped 17 bps to 5.14% (up 308bps).

Federal Reserve Credit dropped $41.3bn last week to $8.588 TN. Fed Credit was down $313bn from the June 22nd peak. Over the past 167 weeks, Fed Credit expanded $4.861 TN, or 130%. 

US  MORTGAGES
Freddie Mac 30-year fixed mortgage rates slipped two bps to 6.54% (up 344bps y-o-y). 

Fifteen-year rates dropped 10 bps to 5.88% (up 346bps).

Five-year hybrid ARM rates declined two bps to 5.51% (up 304bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down nine bps to 6.76% (up 359bps).

Currency Watch:

For the week, the U.S. Dollar Index declined 0.9% to 105.96 (up 10.8% y-t-d). 

The Chinese (onshore) renminbi declined 0.63% versus the dollar (down 11.29% y-t-d).

Commodities Watch:

Bloomberg Commodities Index was little changed (up 15.9% y-t-d). 

Spot Gold added 0.2% to $1,755 (down 4.1%). 

Silver jumped 3.8% to $21.75 (down 6.7%). 

WTI crude sank $3.80 to $80.08 (up 1%). 

Gasoline dropped 3.8% (up 5%)

Natural Gas surged 11.4% to $7.02 (up 88%). 

Copper slipped 0.3% (down 19%). 

Wheat dropped 3.0% (up 3%)

Corn added 0.2% (up 13%). 

Bitcoin declined $90 this week, 
or 0.5%, to $16,530 (down 64%).