Market levels at the time of the Press Conference shows:
U.S. Stocks
- Dow Jones: 51,919.18 (-86.01, -0.17%)
- S&P 500: 7,470.93 (-40.41, -0.54%)
- NASDAQ: 26,228.62 (-147.72, -0.56%)
- Russell 2000: 2,945.98 (+6.78, +0.23%)
Takeaway: Major indices remain under modest pressure
U.S. Treasury Market
- 2Y Yield: 4.1379% (+9.1 bps)
- 5Y Yield: 4.2146% (+6.4 bps)
- 10Y Yield: 4.4552% (+2.7 bps)
- 30Y Yield: 4.9264% (-0.3 bps)
Takeaway: The front end is selling off sharply, pushing short-term yields higher. The move suggests traders are scaling back expectations for lower rates, and raising of expectations
Foreign Exchange
- EURUSD: 1.1547 (-0.52%)
- GBPUSD: 1.3350 (-0.57%)
- AUDUSD: 0.7041 (-0.35%)
- NZDUSD: 0.5790 (-0.69%)
- USDCHF: 0.7962 (+0.42%)
- USDCAD: 1.4058 (+0.46%)
- USDJPY: 160.46 (+0.01%)
Takeaway: The dollar is broadly stronger, gaining against most major currencies as higher U.S. yields support the greenback.
Commodities & Crypto
- WTI Crude Oil: $75.75
- Gold: $4,288.35 (-0.90%)
- Silver: $69.04 (-1.30%)
- Bitcoin: $65,407 (-0.31%)
Overall Market Theme
- Stocks: Lower
- Short-term Treasury yields: Higher
- U.S. Dollar: Stronger
- Gold/Silver: Weaker
- Oil: Lower
This article was written by Greg Michalowski at investinglive.com.