May in Figures
June 1, 2017
U.S. and European sovereign debt yields fell during May. Short-term European interest rates also fell in contrast to a rise of the 3-month U.S. deposit rate. In Japan, rates rose at the long end but fell in short maturities. Stock markets improved in all markets examined here except Canada’s. The dollar climbed against sterling and the Australian dollar but lost further ground relative to the other examined currency pairs. The drop relative to the Chinese yuan was a particularly large monthly move for that relationship. Gold edged up 0.5% in May, but West Texas Intermediate oil depreciated another 2.6% on balance.
| 10-Yr Yield | 05/31/17 | 04/28/17 | Chg vs End-Apr |
| U.S. | 2.21% | 2.28% | -7 Basis Points |
| Germany | 0.30% | 0.31% | -1 |
| Japan | 0.03% | 0.00% | +3 |
| U.K. | 1.04% | 1.08% | -4 |
| Canada | 1.41% | 1.54% | -13 |
| Switzerland | -0.22% | -0.17% | -5 |
| 3-month rates | 05/31/17 | 04/28/17 | Chg v End-Apr |
| U.S. | 1.20% | 1.17% | +3 Basis Points |
| Euroland | -0.37% | -0.36% | -1 |
| Japan | -0.02% | +0.01% | -3 |
| U.K. | 0.30% | 0.32% | -2 |
| Swiss | -0.73% | -0.73% | 0 |
| FX | 05/31/17 | 04/28/17 | Pct Chg in $ |
| EUR/USD | 1.1238 | 1.0895 | -3.1% |
| USD/JPY | 110.76 | 111.49 | -0.7% |
| USD/CHF | 0.9682 | 0.9946 | -2.7% |
| GBP/USD | 1.2886 | 1.2951 | +0.5% |
| AUD/USD | 0.7429 | 0.7488 | +0.8% |
| NZD/USD | 0.7079 | 0.6866 | -3.0% |
| USD/CAD | 1.3510 | 1.3653 | -1.0% |
| USD/CNY | 6.8180 | 6.8835 | +1.0% |
| Equities | 05/31/17 | 04/28/17 | Chg vs End-Apr |
| S&P 500 | 2412 | 2384 | +1.2% |
| Nasdaq | 6199 | 6048 | +2.5% |
| Djia | 21009 | 20941 | +0.3% |
| Dax | 12615 | 12438 | +1.4% |
| Nikkei | 19651 | 19197 | +2.4% |
| Ftse | 7520 | 7204 | +4.4% |
| Canada TSE | 15344 | 15586 | -1.6% |
| Swiss SMI | 9017 | 8813 | +2.3% |
| Commodities | 05/31/17 | 04/28/17 | Chg v End-Apr |
| Oil, $ per barrel | 48.32 | 49.33 | -2.0% |
| Gold, $ per ounce | 1272.00 | 1266.1 | +0.5% |
Copyright Larry Greenberg 2017. All rights reserved. No secondary distribution without express permission.
Tags: bond yields, Dollar, gold, Oil, stocks
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