U.S. Financial Data Summary of the Week ending November 11, 2022

 SOURCE:
Credit Bubble Bulletin : Weekly Commentary: Derivatives, Squeezes and Fiascos Aplenty

For the Week Ending November 11, 2022

US  STOCKS:
S&P500 rallied 5.9% (down 16.6% y-t-d)

The Dow jumped 4.1% (down 7.1%)

Utilities rose 1.7% (down 6.3%)

Banks gained 5.8% (down 16.9%)

Broker/Dealers increased 2.4% (down 1.0%)

Transports advanced 8.0% (down 11.7%)

S&P 400 Midcaps rallied 5.3% (down 10.9%)

Small cap Russell 2000 recovered 4.6% (down 16.1%)

Nasdaq100 surged 8.8% (down 27.6%)

Semiconductors spiked 14.9% higher (down 30.2%)

Biotechs jumped 6.0% (down 5.3%)

With gold bullion surging $89, the HUI gold equities index 

rallied 13.0% (down 13.1%).

FOREIGN  STOCKS:

U.K.'s FTSE dipped 0.2% (down 0.9% y-t-d).
Japan's Nikkei rallied 3.9% (down 1.8% y-t-d).  

France's CAC40 rose 2.8% (down 7.8%)

German DAX surged 5.7% (down 10.5%). 

Spain's IBEX 35 increased 2.0% (down 7.1%). 

Italy's FTSE MIB jumped 5.0% (down 10.6%). 

Brazil's Bovespa dropped 5.0% (up 7.1%)

Mexico's Bolsa increased 1.5% (down 2.5%). 

South Korea's Kospi surged 5.7% (down 16.6%). 

India's Sensex added 1.4% (up 6.1%). 

China's Shanghai Exchange increased 0.5% (down 15.2%). 

Turkey's Istanbul National 100 surged 5.7% (up 140%). 

Russia's MICEX recovered 2.9% (down 41.5%).

US  BONDS 

Three-month Treasury bill rates ended the week at 4.06%. 

Two-year government yields sank 33 bps to 4.33% (up 360bps y-t-d). 

Five-year T-note yields dropped 40 bps to 3.94% (up 267bps). 

Ten-year Treasury yields fell 35 bps to 3.81% (up 230bps). 

Long bond yields dropped 23 bps to 4.02% (up 211bps). 

Benchmark Fannie Mae MBS yields sank 64 bps to 5.29% (up 322bps).

Federal Reserve Credit fell $19.3bn last week to $8.643 TN. Fed Credit was down $258bn from the June 22nd peak. Over the past 165 weeks, Fed Credit expanded $4.935 TN, or 132%. 

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates jumped 13 bps to 7.08% (up 410bps y-o-y) - the high since April 2002.

Fifteen-year rates rose nine bps to 6.38% (up 411bps) - the high since July 2007. 

Five-year hybrid ARM rates gained 11 bps to 6.06% (up 352bps) - the high since November 2008. 

Jumbo mortgage 30-year fixed rates down 39 bps to 6.84% (up 379bps).

Currency Watch: 

For the week, the U.S. Dollar Index dropped 4.1% to 106.29 (up 11.1% y-t-d). 

 The Chinese (onshore) renminbi gained 1.24% versus the dollar (down 10.36% y-t-d).

Commodities Watch:

The Bloomberg Commodities Index dipped 0.5% (up 17.9% y-t-d). 

Spot Gold surged 5.3% to $1,771 (down 3.2%). 

Silver jumped 4.1% to $21.70 (down 6.9%). 

WTI crude dropped $3.65 to $88.96 (up 18%). 

Gasoline fell 4.6% (up 17%), 

Natural Gas sank 8.1% to $5.88 (up 58%). 

Copper jumped 6.2% (down 12%). 

Wheat lost 4.0% (up 6%)

Corn declined 2.6% (up 12%). 

Bitcoin sank $4,400 this week, or 20.7%, to $16,800 (down 64%).