Global financial data summary of the week ending January 13, 2023

 SOURCE:  Credit Bubble Bulletin : Weekly Commentary: Market Messaging

For the Week Ending January 13, 2023:

US  STOCKS:

S&P500 rose 2.7% (up 4.2% y-t-d)

Dow Industrial gained 2.0% (up 3.5%)

Utilities added 0.3% (up 3.5%)

Banks increased 2.2% (up 6.7%)

Broker/Dealers jumped 4.0% (up 7.1%)

Transports advanced 3.5% (up 7.3%)

S&P 400 Midcaps jumped 3.7% (up 6.2%),

Small cap Russell 2000 surged 5.3% (up 7.1%). 

Nasdaq100 rose 4.5% (up 5.5%). 

Semiconductors surged 6.2% (up 10.6%). 

The Biotechs gained 2.4% (up 4.6%). 

With bullion surging $55, the HUI gold equities index rose 3.4% (up 13.3%).

FOREIGN  STOCKS:

U.K.'s FTSE gained 1.9% (up 5.3% y-o-y). 

Japan's Nikkei increased 0.6% (up 0.1% y-t-d).  

France's CAC40 gained 2.4% (up 8.5%). 

The German DAX rose 3.3% (up 8.4%). 

Spain's IBEX 35 advanced 2.1% (up 7.9%). 

Italy's FTSE MIB jumped 2.4% (up 8.8%)

Brazil's Bovespa rallied 1.8% (up 1.8%)

Mexico's Bolsa surged 3.5% (up 10.5%). 

South Korea's Kospi surged 4.2% (up 6.7%). 

India's Sensex increased 0.6% (down 1.0%). 

China's Shanghai Exchange gained 1.2% (up 3.4%). 

Turkey's Borsa Istanbul National 100 sank 6.7% (down 9.5%). 

Russia's MICEX rose 2.0% (up 2.1%).

US  BONDS:

Three-month Treasury bill rates ended the week at 4.4625%. 

Two-year government yields slipped a basis point this week to 4.24% (down 19bps y-t-d). 

Five-year T-note yields dropped nine bps to 3.61% (down 39bps). 

Ten-year Treasury yields declined six bps to 3.50% (down 37bps). 

Long bond yields fell eight bps to 3.61% (down 36bps). 

Benchmark Fannie Mae MBS yields dropped 14 bps to 4.85% (down 54bps).

FEDERAL  RESERVE  BANK:

Federal Reserve Credit declined $30.5bn last week to $8.471 TN. Fed Credit was down $429bn from the June 22nd peak. Over the past 174 weeks, Fed Credit expanded $4.745 TN, or 127%

US  MORTGAGES:

Freddie Mac 30-year fixed mortgage rates sank 26 bps to 6.18% (up 273bps y-o-y). 

Fifteen-year rates fell 23 bps to 5.54% (up 292bps). 

Five-year hybrid ARM rates declined four bps to 5.49% (up 292bps). 

Bankrate's survey of jumbo mortgage borrowing costs had 30-year fixed rates down 19 bps to a four-month low 6.28% (up 277bps).

CURRENCY:

For the week, the U.S. Dollar Index declined 1.6% to 102.20 (down 1.2% y-t-d). 

The Chinese (onshore) renminbi gained 1.90% versus the dollar (up 2.95% y-t-d).

COMMODITIES:

Bloomberg Commodities Index rallied 3.2% (down 1.1% y-t-d). 

Spot Gold jumped 2.9% to $1,920 (up 5.3%). 

Silver gained 1.8% to $24.26 (up 1.3%). 

WTI crude surged $6.09 to $79.86 (down 1%). 

Gasoline jumped 12.8% (up 3.0%)

Natural Gas sank 7.8% to $3.42 (down 24%). 

Copper surged 7.8% (up 11%). 

Wheat was little changed (down 6%)

Corn rallied 3.2% (down 1%). 

Bitcoin rallied $2,860, or 16.8%, this week to $16,830 (up 19.6%).