April Markets in Figures: A Story of Subsiding Risk Aversion
April 30, 2009
| 10-Yr Yield | 03/31/09 | 04/30/09 | Chg vs End-March |
| U.S. | 2.68% | 3.11% | +43 Basis Points |
| Germany | 2.99% | 3.18% | +19 |
| Japan | 1.35% | 1.43% | +8 |
| U.K. | 3.17% | 3.50% | +33 |
| Canada | 2.78% | 3.09% | +31 |
| 3-month euros | |||
| U.S. | 1.19% | 1.02% | -17 Basis Points |
| Euroland | 1.51% | 1.36% | -15 |
| Japan | 0.60% | 0.55% | -5 |
| U.K. | 1.65% | 1.45% | -20 |
| Canada | 1.00% | 0.85% | -15 |
| Swiss | 0.40% | 0.40% | 0 |
| FX | Pct Chg in US$ | ||
| EUR/$ | 1.3263 | 1.3227 | +0.3% |
| $/JPY | 98.91 | 98.68 | -0.2% |
| $/CHF | 1.1388 | 1.1407 | +0.2% |
| GBP/$ | 1.4328 | 1.4791 | -3.1% |
| AUD/$ | 0.6924 | 0.7259 | -4.6% |
| NZ$/$ | 0.5622 | 0.5650 | -0.5% |
| $/CAD | 1.2619 | 1.1941 | -5.4% |
| Equities | |||
| Nasdaq | 1529 | +1717 | +12.3% |
| Djia | 7609 | 8168 | +7.3% |
| Dax | 4085 | 4769 | +16.7% |
| Nikkei | 8110 | 8828 | +8.9% |
| Ftse | 3926 | 4244 | +8.1% |
| Canada TSE | 8720 | 9366 | +7.4% |
| Swiss SMI | 4927 | +5226 | +6.1% |
| Commodities | |||
| Oil, $ per brl | 49.66 | 51.12 | +2.9% |
| Gold, $ per oz | 919.15 | 891.20 | -3.0% |
A steepening yield curve, a robust equity rally, stronger commodity-sensitive currencies, and divergent trends in oil and gold all tell a tale of lessening risk aversion in April. But will it continue? Key data releases next week, how markets react to the bank stress test results, and the unfolding swine flu scare hold important clues.
Copyright 2009 Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: Dollar
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