September in Figures
September 30, 2009
During the past month, interest rates fell modestly for the most part, sterling and the dollar weakened, equities strengthened except in Japan, and gold advanced. Barriers of JPY/USD 90, GBP/USD 1.60, and $1000 on gold were broken. Oil closed not far from its end-August level, and use of the dollar to fund carry trades become more prevalent with short-term U.S. interest rates below yields in other economies.
| 10-Yr Yield | 08/31/09 | 09/30/09 | Chg vs End-Aug |
| U.S. | 3.40% | 3.31% | -9 Basis Points |
| Germany | 3.25% | 3.22% | -3 |
| Japan | 1.31% | 1.30% | -1 |
| U.K. | 3.56% | 3.59% | +3 |
| Canada | 3.37% | 3.31% | -6 |
| 3-month euros | |||
| U.S. | 0.35% | 0.29% | -6 Basis Points |
| Euroland | 0.80% | 0.71% | -9 |
| Japan | 0.39% | 0.35% | -4 |
| U.K. | 0.69% | 0.54% | -15 |
| Canada | 0.56% | 0.50% | -6 |
| Swiss | 0.32% | 0.29% | -3 |
| FX | Pct Chg in US$ | ||
| EUR/$ | 1.4322 | 1.4635 | -2.1% |
| $/JPY | 92.99 | 89.78 | -3.5% |
| $/CHF | 1.0590 | 1.0361 | -2.2% |
| GBP/$ | 1.6266 | 1.5984 | +1.8% |
| AUD/$ | 0.8413 | 0.8832 | -4.7% |
| NZ$/$ | 0.6845 | 0.7228 | -5.3% |
| $/CAD | 1.0953 | 1.0696 | -2.3% |
| Equities | |||
| Nasdaq | 2009 | 2122 | +5.6% |
| Djia | 9496 | 9712 | +2.3% |
| Dax | 5465 | 5675 | +3.8% |
| Nikkei | 10530 | 10133 | -3.8% |
| Ftse | 4909 | 5134 | +4.6% |
| Canada TSE | 10868 | 11395 | +4.8% |
| Swiss SMI | 6128 | 6323 | +3.2% |
| Commodities | |||
| Oil, $ per brl | 69.96 | 70.61 | +0.9% |
| Gold, $ per oz | 951.25 | 1007.70 | +5.9% |
Copyright Larry Greenberg 2009. All rights reserved. No secondary distribution without express permission.
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