Financial Data Summary of the week ending January 6, 2023

 SOURCE: Credit Bubble Bulletin : Weekly Commentary: Issues 2023

For the Week Ending January 6, 2023:

US  STOCKS:

S&P500 gained 1.4%,

Dow Industrials rose 1.5%

Utilities increased 0.7%

Banks surged 4.4%

Broker/Dealers jumped 3.0%

Transports advanced 3.6%

S&P 400 Midcaps jumped 2.5%

Small cap Russell 2000 gained 1.8%

Nasdaq100 increased 0.9%

Semiconductors surged 4.1%

Biotechs gained 2.1%. 

With bullion jumping $42, 
the HUI gold equities index surged 9.6%.

FOREIGN STOCKS:

U.K.'s FTSE jumped 3.3% (up 2.9% y-o-y). 

Japan's Nikkei dipped 0.5% (down 8.8% y-o-y). 

France's CAC40 surged 6.0% (down 5.0%)

German DAX jumped 4.9% (down 8.4%). 

Spain's IBEX 35 rose 5.7% (down 0.6%). 

Italy's FTSE MIB surged 6.2% (down 8.8%)

Brazil's Bovespa slipped 0.7% (up 6.1%)

Mexico's Bolsa surged 6.7% (down 2.8%)

South Korea's Kospi rallied 2.4% (down 22.5%). 

India's Sensex lost 1.5% (up 0.3%). 

China's Shanghai rose 2.2% (down 11.8%). 

Turkey's Istanbul National 100 index fell 3.0% (up 163%). 

Russia's MICEX little changed (down 42.8%).

US  BONDS:

Three-month Treasury bill rates ended the week at 4.4675%. 

Two-year government yields dropped 18 bps this week to 4.25% (up 339bps y-o-y). 

Five-year T-note yields sank 31 bps to 3.70% (up 220bps). 

Ten-year Treasury yields slumped 32 bps to 3.56% (up 180bps). 

Long bond yields dropped 28 bps to 3.69% (up 157bps).

Benchmark Fannie Mae MBS yields sank 40 bps to 4.99% (up 258bps).

FEDERAL  RESERVE  BANK:

Federal Reserve Credit declined $4.9bn last week to $8.502 TN. Fed Credit was down $399bn from the June 22nd peak. Over the past 173 weeks, Fed Credit expanded $4.775 TN, or 128%. 

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates added three bps to 6.44% (up 322bps y-o-y). 

Fifteen-year rates declined three bps to 5.77% (up 334bps). 

Five-year hybrid ARM rates fell nine bps to 5.53% (up 312bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down 12 bps to 6.47% (up 311bps).

CURRENCY:

For the week, the U.S. Dollar Index increased 0.4% to 103.88. 

The Chinese (onshore) renminbi gained 1.03% versus the dollar.

COMMODITIES:

Bloomberg Commodities Index dropped 4.2% (up 6.7% y-o-y). 

Spot Gold rose 2.3% to $1,866 (up 3.8%). 

Silver slipped 0.5% to $23.83 (up 6.5%). 

WTI crude sank $6.49 to $73.77 (down 7%). 

Gasoline slumped 8.7% (down 2%), 

Natural Gas sank 17.1% to $3.73 (down 5%). 

Copper rallied 2.6% (up 3%). 

Wheat dropped 6.1% (down 2%)

Corn fell 3.6% (up 8%). 

Bitcoin rallied $400, or 2.4%, 
this week to $16,980 (down 59.2%).