September 2020 and Third Quarter in Figures
September 30, 2020
Third-quarter declines in the dollar were for the most part trimmed during the past month. Likewise, the dollar fell in the quarter but generally rose in September. There weren’t any central bank interest rate changes in the quarter in the countries examined here. Ten-year sovereign debt yields fell in September, while net changes between end-2Q and end-3Q were inconsequential. The price of oil and gold fell in September but still posted quarterly increases. The three major objects of financial market attention during September were widespread deterioration in Covid-19 case trends, continuing but more slowing economic recoveries from the pandemic, and the fast-approaching U.S. presidential and congressional elections now just under five weeks away.
| 10-Yr Yield | 09/30/20 | Chg in Sept | Change in 3Q |
| U.S. | 0.68% | -3 Basis Points | +2 Basis Points |
| Germany | -0.52% | -12 | +6 |
| Japan | 0.01% | -3 | 0 |
| U.K. | 0.23% | -8 | +6 |
| Canada | 0.56% | -7 | +4 |
| Switzerland | -0.54% | -14 | -4 |
| CB Policy Rate | 09/30/20 | Chg in Sept | Change in 3Q |
| Fed funds target | 0.00/0.25% | 0 Basis Pts | 0 Basis Pts |
| ECB deposit rate | -0.50% | 0 | 0 |
| BOJ policy rate | -0.10% | 0 | 0 |
| BOE Bank Rate | 0.10% | 0 | 0 |
| Swiss 3M Libor | -1.25/-0.25% | 0 | 0 |
| FX | 09/30/20 | Sept Chg in $ | 3Q % Chg in $ |
| EUR/USD | 1.1723 | +1.7% | -4.2% |
| USD/JPY | 105.47 | -0.4% | -2.3% |
| USD/CHF | 0.9212 | +1.9% | -2.8% |
| GBP/USD | 1.2903 | +3.6% | -4.0% |
| AUD/USD | 0.7165 | +2.9% | -3.7% |
| NZD/USD | 0.6618 | +1.8% | -2.5% |
| USD/CAD | 1.3319 | +2.1% | -1.9% |
| USD/CNY | 6.7908 | -0.8% | -2.9% |
| Equities | 09/30/20 | Chg in Sept | Change in 3Q |
| S&P 500 | 3363 | -4.3% | +8.3% |
| Nasdaq | 11168 | -5.2% | +11.0% |
| Djia | 27782 | -2.3% | +7.6% |
| Dax | 12761 | -1.4% | +3.7% |
| Nikkei | 23186 | +0.2% | +4.0% |
| Ftse | 5866 | -1.6% | -4.9% |
| Canada TSE | 16121 | -2.6% | +3.8% |
| Swiss SMI | 10187 | +0.5% | +1.4% |
| Commodities | 09/30/20 | Chg in Sept | Change in 3Q |
| Oil, $ per barrel | 40.22 | -5.6% | +2.4% |
| Gold, $ per ounce | 1887.50 | -4.1% | +5.3% |
Copyright Larry Greenberg 2020. All rights reserved. No secondary distribution without express permission.
Tags: 10-year sovereign debt yields, central bank interest rates, equity prices, foreign exchange, gold and oil prices
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