Financial data summary or the week ending December 16, 2022

 SOURCE:

Credit Bubble Bulletin : Weekly Commentary: Credit Downturn Acceleration

For the Week Ending December 16, 2022:

US  STOCKS:

S&P500 fell 2.1% (down 19.2% y-t-d)

Dow Industrial lost 1.7% (down 9.4%)

Utilities slipped 0.5% (down 3.2%)

Banks dropped 2.8% (down 26.1%)

Broker/Dealers sank 4.4% (down 8.5%)

Transports dipped 0.2% (down 16.6%)

S&P 400 Midcaps fell 2.1% (down 15.0%) 

Small cap Russell 2000 slumped 1.9% (down 21.5%). 

Nasdaq100 dropped 2.8% (down 31.1%). 

Semiconductors fell 3.1% (down 33.2%). 

Biotechs gained 2.1% (down 3.5%). 

With bullion slipping $4, 
the HUI gold equities index fell 2.5% 
  (down 14.3%).

FOREIGN  STOCKS:

U.K.'s FTSE fell 1.9% (down 0.7% y-t-d).  

Japan's Nikkei declined 1.3% (down 4.4% y-t-d).  

France's CAC40 dropped 3.4% (down 9.8%). 

German DAX fell 3.3% (down 12.5%). 

Spain's IBEX 35 lost 2.1% (down 6.9%). 

Italy's FTSE MIB slumped 2.4% (down 13.4%). 

Brazil's Bovespa sank 4.3% (down 1.9%)

Mexico's Bolsa declined 1.7% (down 6.8%). 

South Korea's Kospi lost 1.2% (down 20.7%). 

India's Sensex declined 1.4% (up 5.3%). 

China's Shanghai Exchange Index 1.2% (down 13.0%).

Turkey's Istanbul National 100 jumped 4.2% (up 181%).

 Russia's MICEX dropped 2.1% (down 43.7%).

US  BONDS
Three-month Treasury bill rates ended the week at 4.15%. 

Two-year government yields dropped 17 bps to 4.18% (up 345bps y-t-d). 

Five-year T-note yields fell 14 bps to 3.63% (up 245bps). 

Ten-year Treasury yields declined nine bps to 3.49% (up 198bps). 

Long bond yields slipped two bps to 3.55% (up 164bps). 

Benchmark Fannie Mae MBS yields sank 27 bps to 4.89% (up 282bps).

FEDERAL  RESERVE  BANK:

Federal Reserve Credit was little changed last week at $8.547 TN. Fed Credit was down $354bn from the June 22nd peak. Over the past 170 weeks, Fed Credit expanded $4.820 TN, or 129%. 

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates fell 11 bps to a three-month low 6.17% (up 305bps y-o-y). 

Fifteen-year rates dropped 16 bps to 5.52% (up 318bps).

Five-year hybrid ARM rates declined 11 bps to 5.36% (up 291bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down two bps to 6.61% (up 337bps).

CURRENCY:

For the week, the U.S. Dollar Index was little changed at 104.70 (up 9.4% y-t-d). 

The Chinese (onshore) renminbi declined 0.22% versus the dollar (down 8.86% y-t-d).

COMMODITIES:

The Bloomberg Commodities Index increased 0.9% (up 13.7% y-t-d). 

Spot Gold slipped 0.2% to $1,793 (down 1.7%). 

Silver declined 1.1% to $23.22 (down 0.4%). 

WTI crude rallied $3.27 to $74.29 (down 1%). 

Gasoline recovered 3.7% (down 4%)

Natural Gas jumped 5.7% to $6.60 (up 77%). 

Copper dropped 3.0% (down 16%). 

Wheat rallied 2.6% (down 2%)

Corn gained 1.4% (up 10%). 

Bitcoin was down $550, or 3.2%, 
this week to $16,600 (down 64%).