April 2016 in Figures
April 30, 2016
The dominant market themes in March had been strong oil and equities, dollar and yen weakness, and modest sovereign debt yield increases. In April, West Texas Intermediate crude oil extended March’s 13.6% advance with a further leap of 19.8%, but yen strength was the big currency market story. Ten-year sovereign debt yields rose except for Japan’s, which sank more deeply below zero. The bond yield increases in Britain and Canada were particularly large, the former reflecting concerns related to the British EU membership referendum set for June 23. Equities stumbled late in the month, especially in the tech sector, producing mixed results for the month as a whole. Oil wasn’t the only commodity to rise. Gold advanced 4.6%. At monetary policy meetings in April, stances were left unchanged by central banks in the U.S., Euroland, Japan (a tremendous surprise), Great Britain, Canada, South Korea, Indonesia, Australia, New Zealand, Brazil, Serbia, Poland, Peru and Chile. The central banks in India, Singapore, Turkey, Sweden, Hungary and Ukraine added or extended some stimulus.
|10-Yr Yield||03/31/16||04/29/16||Chg v End-Mar|
|U.S.||1.77%||1.83%||+6 Basis Points|
|3-month rates||03/31/16||04/29/16||Chg v End-Mar|
|U.S.||0.63%||0.64%||+1 Basis Point|
|FX||03/31/16||04/29/16||Pct Chg in $|
|Equities||03/31/16||04/29/16||Chg v End-Mar|
|Commodities||03/31/16||04/29/16||Chg v End-Mar|
|Oil, $ per barrel||38.34||45.92||+19.8%|
|Gold, $ per ounce||1234.20||1290.50||+4.6%|
Copyright Larry Greenberg 2016. All rights reserved. No secondary distribution without express permission.