February in Figures
February 28, 2013
During February, commodity prices and sovereign debt yields fell, while the dollar advanced pretty much across the board. Three-month deposit rates stayed very low and edged marginally downward in some cases. Equities rose on balance but not as much as in January. The biggest stock market increases were in Japan and Switzerland, matching up with the countries where weak currency policies are most formalized. Disinflation and fiscal restraint keep interest rates low and impose an urgency to the promotion of export activity.
| 10-Yr Yield | 01/31/13 | 02/28/13 | Chg vs End-Jan |
| U.S. | 1.98% | 1.88% | -10 Basis Points |
| Germany | 1.68% | 1.43% | -25 |
| Japan | 0.75% | 0.66% | -9 |
| U.K. | 2.11% | 1.97% | -14 |
| Canada | 1.99% | 1.83% | -16 |
| Switzerland | 0.80% | 0.71% | -9 |
| 3-month euros | Chg vs End-Jan | ||
| U.S. | 0.30% | 0.29% | -1 Basis Point |
| Euroland | 0.15% | 0.13% | -2 |
| Japan | 0.17% | 0.16% | -1 |
| U.K. | 0.51% | 0.51% | 0 |
| Canada | 1.21% | 1.19% | -2 |
| Swiss | 0.02% | 0.02% | 0 |
| FX | Pct Chg in USD | ||
| EUR/USD | 1.3577 | 1.3057 | +4.0% |
| USD/JPY | 91.57 | 92.70 | +1.2% |
| USD/CHF | 0.9108 | 0.9369 | +2.9% |
| GBP/USD | 1.5854 | 1.5158 | +4.6% |
| AUD/USD | 1.0427 | 1.0216 | +2.1% |
| NZD/USD | 0.8388 | 0.8247 | +1.7% |
| USD/CAD | 0.9976 | 1.0309 | +3.3% |
| USD/CNY | 6.2185 | 6.2213 | 0.0% |
| Equities | Chg vs End-Jan | ||
| S&P 500 | 1498 | 1515 | +1.1% |
| Nasdaq | 3142 | 3160 | +0.6% |
| Djia | 13861 | 14054 | +1.4% |
| Dax | 7776 | 7742 | -0.4% |
| Nikkei | 11139 | 11559 | +3.8% |
| Ftse | 6277 | 6361 | +1.3% |
| Canada TSE | 12685 | 12822 | +1.1% |
| Swiss SMI | 7391 | 7594 | +2.7% |
| Commodities | Chg vs End-Jan | ||
| Oil, $ per brl | 97.49 | 91.80 | -5.8% |
| Gold, $ per oz | 1660.60 | 1578.70 | -4.9% |
Copyright Larry Greenberg 2013. All rights reserved. No secondary distribution without express permission.
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