May in Figures

May 30, 2009

As in April, yield curves steepened last month, with long-dated rates up and short-dated ones down.  Equities recovered further but by less from the bloodbath of 4Q08 and early this year.  The differences from April were a sharp advance in oil and gold prices and a pronounced decline of the dollar.

10-Yr Yield 04/30/09 05/29/09 Chg vs End-April
U.S. 3.11% 3.45% +34 Basis Points
Germany 3.18% 3.59% +41
Japan 1.43% 1.50% +7
U.K. 3.50% 3.75% +18
Canada 3.09% 3.41% +32
3-month euros      
U.S. 1.02% 0.66% -36 Basis Points
Euroland 1.36% 1.27% -9
Japan 0.55% 0.52% -3
U.K. 1.45% 1.28% -17
Canada 0.85% 0.70% -15
Swiss 0.40% 0.40% 0
FX     Pct Chg in US$
EUR/$ 1.3227 1.4150 -6.5%
$/JPY 98.68 95.28 -3.4%
$/CHF 1.1407 1.0678 -8.6%
GBP/$ 1.4791 1.6187 -9.4%
AUD/$ 0.7259 0.8013 -9.9%
NZ$/$ 0.5650 0.6397 -11.7%
$/CAD 1.1941 1.0900 -8.7%
Equities      
Nasdaq 1717 1774 +3.3%
Djia 8168 8500 +4.1%
Dax 4769 4941 +3.6%
Nikkei 8828 9523 +7.9%
Ftse 4244 4418 +4.1%
Canada TSE 9366 10370 +10.7%
Swiss SMI 5226 5350 +2.4%
Commodities      
Oil, $ per brl 51.12 66.31 +29.7%
Gold, $ per oz 888.20 979.15 +10.2%

Copyright 2009 Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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