2017 and December in Figures
January 1, 2018
2017 was a stellar year for equity and commodity prices. The dollar declined broadly, consistent with President Trump’s intent to trim the U.S. trade deficit and despite three tightenings of Fed policy implemented in March, June and December. The ten-year Treasury yield rose less sharply than 3-month rates, which flattened the yield curve. The dollar fell in December as well as over the whole year.
| 10-Yr Yield | 12/29/17 | Chg vs End-Nov | Chg vs End-2016 |
| U.S. | 2.40% | -1 Basis Point | -4 Basis Points |
| Germany | 0.42% | +6 | +22 |
| Japan | 0.04% | +1 | 0 |
| U.K. | 1.18% | -15 | -5 |
| Canada | 2.04% | +16 | +33 |
| Switzerland | -0.21% | -4 | +5 |
| 3-month rates | 12/29/17 | Chg vs End-Nov | Chg vs End-2016 |
| U.S. | 1.69% | +7 Basis Points | +69 Basis Points |
| Euroland | -0.44% | -3 | -10 |
| Japan | -0.03% | +5 | 0 |
| U.K. | 0.58% | +19 | +21 |
| Swiss | -0.75% | 0 | -2 |
| FX | 12/29/17 | % Chg in USD | Pct Chg in $ |
| EUR/USD | 1.2005 | -0.8% | -12.3% |
| USD/JPY | 112.65 | +0.1% | -3.6% |
| USD/CHF | 0.9746 | -0.9% | -4.3% |
| GBP/USD | 1.3510 | +0.2% | -8.7% |
| AUD/USD | 0.7807 | -3.1% | -7.6% |
| NZD/USD | 0.7089 | -3.6% | -2.0% |
| USD/CAD | 1.2550 | -2.7% | -6.5% |
| USD/CNY | 6.5068 | -1.5% | -6.3% |
| Equities | 12/29/17 | %Chg vs End-Nov | Chg vs End-2016 |
| S&P 500 | 2674 | +1.0% | +19.6% |
| Nasdaq | 6903 | +0.4% | +28.2% |
| Djia | 24719 | +1.8% | +25.1% |
| Dax | 12918 | -0.8% | +12.5% |
| Nikkei | 22765 | +0.2% | +19.1% |
| Ftse | 7688 | +4.9% | +7.6% |
| Canada TSE | 16209 | +0.9% | +6.0% |
| Swiss SMI | 9382 | +0.7% | +14.1% |
| Commodities | 12/29/17 | Chg vs End-Nov | Chg v End-2016 |
| Oil, $ per barrel | 60.45 | +5.4% | +12.5% |
| Gold, $ per ounce | 1308.60 | +2.6% | +13.8% |
Copyright Larry Greenberg 2018. All rights reserved. No secondary distribution without express permission.
Tags: bond yields, Dollar, gold, Oil, stocks
ShareThis
