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Market Update – November 11 – Gigantic day in stocks and bonds

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  • The USD Index This was the biggest loser of the day, dropping 3 big numbers to a low 107.67 From an intraday peak of 110.99 Before the data. Although it has recouped marginally to be close at 108.20That is the lowest point since mid-September. Stocks The inflation rate has risen significantly, increasing expectations for a reduction in Fed rate hikes as well as a decrease in projections for the final rate. Yields To 3.938%, the 5-year saw a 30 bps drop in the belly. The 10-year fell 27 bps to 3.813%. It was the lowest close of 4% since Oct 27, 1997. The 2-year yields experienced the largest decline since 2008.
  • EUR – rally above parity and currently at 1.0230.
  • JPY – drifted to 140.19 From 146.50 high. The biggest fall since 1998.
  • GBP – Sterling spiked to 1.1736 Post US CPI data. The GDP data from the United States showed that the UK’s economy contracted less than anticipated in the third quarter.
  • Stocks – Wall Street broke 2-month resistance. US100 The rocketed 7.35% higher 11,114With the US500 surging 5.54% to 3,956While the US30 It was up by 3.70% 33,715. This was the largest percentage increase in two years.

  • USOil – higher at $88.60 From $84.73.
  • Gold – Spiking to its highest week since March, it had its best week. 1760The week has seen a 4.2% increase in,
  • BTC – The crypto crisis continues…



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