Global equities traded in record territory amid renewed enthusiasm over rapid advancements in artificial intelligence. Yields were little changed on the week, with the US 10-year Treasury note unchanged at 4.31%. The price of a barrel of West Texas Intermediate crude oil fell $0.60 to $76.90 from a week ago while volatility, as measured by…
Read The ArticleAt the close of business on Friday, global equities were higher on the week as financial conditions loosened amid expectations that the US Federal Reserve has reached the end of its hiking cycle. From week-ago levels, the yield on the US 10-year Treasury note declined 36 basis points to 4.51%. The price of a barrel…
At the close of business on Friday, global equities were lower on the week amid mixed earnings news. The yield on the US 10-year Treasury note edged lower, to 4.87%, but not before posting a 16-year high of 5.01% on Monday. The price of a barrel of West Texas Intermediate crude oil fell to $84.75…
At the close of business on Friday, global equities were lower on the week amid higher bond yields and unease over the potential widening of the war between Israel and Hamas. The yield on the US 10-year note flirted with 5% this week, reaching its highest level since 2006. The price of a barrel of…
Global markets have remained calm despite the conflict potentially becoming a proxy war between the US and Iran. As of this writing, US equities were marginally lower than they were at last Friday’s close and bond yields have lost some of the early-week safe-haven bid after mixed US inflation data and a series of tepid…
Global markets were higher on the week even as long-term interest rates continued to rise. For the week, the yield on the US 10-year Treasury note rose over 30 basis points, reaching 4.88%, its highest yield since 2007, shortly after the release of the latest US employment report. The price of a barrel of West…
Global markets were down this past week as tightening financial conditions undermined stocks early in the week as interest rates, the US dollar, and commodities all rose. However, markets stabilized late in the week, buoyed by improved inflation readings in the United States and the euro zone. The yield on the US 10-year Treasury note…
At the close of business last Friday, global equities were lower on the week as the yield on the US 10-year Treasury note surged as high 4.5% on the week before drifting down to 4.47%. The price of a barrel of West Texas Intermediate crude oil added $0.50 to $90.50 while the price of a…
At the close of business last Friday, global equities gained this past week on hopes that central bank tightening cycles are nearing an end despite higher bond yields, a stronger dollar and firm oil. The yield on the US 10-year Treasury note rose nine basis points from last Friday to 4.34%, retesting the highest levels…
At the close of business last Friday, global equities were lower on the week amid a rise in long-term interest rates and concerns that China may be targeting US technology companies in retaliation for US export bans. The yield on the US 10-year Treasury note reached 4.30% at midweek before easing to 4.25% on Friday….
At the close of business last Friday, global equities were firmer on the week as US bond yields eased substantially in hopes the US Federal Reserve’s tightening cycle may have ended without the US economy falling into recession. The yield on the US 10-year Treasury note fell to 4.14% from 4.24% last Friday but traded…
At the close of business last Friday, global equities were little changed from our last newsletter three weeks ago. Going forward, we are encouraged on upbeat AI-related earnings reports. The yield on the US 10-year Treasury note was little changed at 4.24% while the price of a barrel of West Texas Intermediate crude oil was…
Please Note: I will be away from the office from August 9th, returning August 28th. We will resume our weekly commentary on the markets upon my return. At the close of business last Friday, global equities were lower on the week amid a spike in long-term interest rates. The yield on the US 10-year note…
