Global Financial Data Summary of the week ending December 23, 2022

 SOURCE:    Credit Bubble Bulletin

For the Week Ending December 23, 2022:

US  STOCKS:

S&P500 slipped 0.2% (down 19.3% y-t-d)

Dow Industrials increased 0.9% (down 8.6%)

Utilities rallied 1.5% (down 1.8%)

Banks recovered 1.7% (down 24.9%)

Broker/Dealers gained 1.1% (down 7.5%)

Transports fell 1.3% (down 17.7%)

S&P 400 Midcaps increased 0.8% (down 14.3%)

Small cap Russell 2000 was little changed (down 21.6%). 

Nasdaq100 lost 2.3% (down 32.7%). 

Semiconductors dropped 3.8% (down 35.7%)

Biotechs dipped 0.6% (down 4.0%). 

With gold bullion gaining $5, 
the HUI gold equities index rallied 4.4% (down 10.5%).

FOREIGN  STOCKS:

U.K.'s FTSE rallied 1.9% (up 1.2% y-t-d).

Japan's Nikkei sank 4.7% (down 8.9% y-t-d). 

France's CAC40 increased 0.8% (down 9.1%). 

German DAX gained 0.3% (down 12.2%). 

Spain's IBEX 35 recovered 1.9% (down 5.1%). 

Italy's FTSE MIB increased 0.8% (down 12.7%). 

Brazil's Bovespa rallied 6.7% (down 4.7%)

Mexico's Bolsa recovered 1.9% (down 5.1%). 

South Korea's Kospi fell 2.0% (down 22.3%).

India's Sensex dropped 2.4% (up 2.7%). 

China's Shanghai Exchange sank 3.9% (down 16.3%). 

Turkey's Istanbul National 100 index jumped 4.6% (up 194%). 

Russia's MICEX slipped 0.4% (down 43.9%).

US  BONDS:

Three-month Treasury bill rates ended the week at 4.1825%. 

Two-year government yields jumped 14 bps to 4.32% (up 359bps y-t-d). 

Five-year T-note yields rose 23 bps to 3.86% (up 259bps). 

Ten-year Treasury yields surged 26 bps to 3.75% (up 224bps). Long bond yields jumped 28 bps to 3.83% (up 192bps). 

Benchmark Fannie Mae MBS yields surged 30 bps to 5.20% (up 313bps).

FEDERAL  RESERVE  BANK

Federal Reserve Credit declined $16.4bn last week at $8.531 TN. Fed Credit was down $370bn from the June 22nd peak. Over the past 171 weeks, Fed Credit expanded $4.820 TN, or 129%. 

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates increased three bps to 6.20% (up 315bps y-o-y). 

Fifteen-year rates slipped two bps to 5.50% (up 320bps). 

Five-year hybrid ARM rates gained three bps to 5.39% (up 302bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down four bps to 6.57% (up 334bps).

CURRENCY:

For the week, the U.S. Dollar Index declined 0.4% to 104.31 (up 9.0% y-t-d). 

The Chinese (onshore) renminbi declined 0.23% versus the dollar (down 9.07% y-t-d).

COMMODITIES:

Bloomberg Commodities Index was little changed (up 13.5% y-t-d). 

Spot Gold increased 0.3% to $1,798 (down 1.7%). 

Silver gained 2.2% to $23.73 (up 1.8%). 

WTI crude surged $5.27 to $79.56 (up 6%). 

Gasoline rallied 11.8% (up 7%)

Natural Gas sank 23.0% to $5.08 (up 36%). 

Copper rallied 1.3% (down 15%). 

Wheat jumped 3.0% (up 1%)

Corn rose 2.0% (up 12%). 

Bitcoin was up $200, or 1.2%, this week to $16,800 (down 64%).