February in Figures
February 28, 2014
February was a very different month from January in several market respects. In January, the dollar mostly rose, while equities declined for the most part. Both trends reversed in February. Net movement in ten-year sovereign debt yields this past month were insignificant is size in contrast to their substantial declines in January. West Texas Intermediate crude oil, which slipped 0.9% on net in January, advanced 5.2% in February. The one consistency between the two months involved gold, which after a poor performance in 2013, rose 3.2% in January and another 6.9% in February. Finally, for the first time since doing this monthly feature at the end of each month, end-month 3-month euro-deposit interest rates were identical in sequential months for all countries covered.
| 10-Yr Yield | 01/31/13 | 02/28/14 | Chg vs End-Jan |
| U.S. | 2.65% | 2.65% | 0 Basis Points |
| Germany | 1.66% | 1.66% | -4 |
| Japan | 0.61% | 0.58% | -3 |
| U.K. | 2.70% | 2.72% | -2 |
| Canada | 2.33% | 2.42% | +9 |
| Switzerland | 0.99% | 1.00% | +1 |
| 3-month euros | Chg vs End-Jan | ||
| U.S. | 0.24% | 0.24% | 0 Basis Points |
| Euroland | 0.26% | 0.26% | 0 |
| Japan | 0.14% | 0.14% | 0 |
| U.K. | 0.52% | 0.52% | 0 |
| Canada | 1.17% | 1.17% | 0 |
| Swiss | 0.02% | 0.02% | 0 |
| FX | Pct Chg in USD | ||
| EUR/USD | 1.3486 | 1.3803 | -2.3% |
| USD/JPY | 102.16 | 101.77 | -0.4% |
| USD/CHF | 0.9067 | 0.8794 | -3.0% |
| GBP/USD | 1.6437 | 1.6743 | -1.8% |
| AUD/USD | 0.8751 | 0.8922 | -1.9% |
| NZD/USD | 0.8085 | 0.8384 | -3.6% |
| USD/CAD | 1.1137 | 1.1073 | -0.6% |
| USD/CNY | 6.0600 | 6.1448 | +1.4% |
| Equities | Chg vs End-Jan | ||
| S&P 500 | 1783 | 1859 | +4.3% |
| Nasdaq | 4103 | 4308 | +5.0% |
| Djia | 15699 | 16322 | +4.0% |
| Dax | 9306 | 9692 | +4.1% |
| Nikkei | 14915 | 14841 | -0.5% |
| Ftse | 6510 | 6810 | +4.6% |
| Canada TSE | 13695 | 14210 | +3.8% |
| Swiss SMI | 8191 | 8475 | +3.5% |
| Commodities | Chg vs End-Jan | ||
| Oil, $ per barrel | 97.49 | 102.59 | +5.2% |
| Gold, $ per ounce | 1240.10 | 1328.20 | +7.1% |
Copyright Larry Greenberg 2014. All rights reserved. No secondary distribution without express permission
Tags: bonds, commodities, currencies, stocks
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