Fixed Income Market Overview
U.S. Treasury yields rose on Monday as investors anticipated key economic data and analyzed recent inflation figures. The 10-year Treasury yield increased by 12.8 basis points to 4.471%, and the 2-year yield rose by 3.8 basis points to 4.758%. Investors focused on the personal consumption expenditures price index, which showed inflation at its lowest annual rate in over three years, with core PCE rising 0.1% monthly and 2.6% annually. Federal Reserve officials seek further data on inflation and economic trends before deciding on interest rate cuts. Upcoming labor market data, including job openings and payroll reports, will provide additional economic insights.
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Major Indicies
| Symbol | Price | Change | %Change |
|---|---|---|---|
| DJIA | 39,169.52 | 50.66 | 0.13%↑ |
| NASDAQ | 19,812.22 | 129.35 | 0.66%↑ |
| S&P 500 | 5,475.09 | 14.61 | 0.27%↑ |
| NIKKEI | 39,631.06 | 47.98 | 0.12%↑ |
| HSI | 17,718.61 | 2.14 | 0.01%↑ |
| VIX | 12.22 | -0.22 | -1.77%↓ |
Bonds
| Name | Yeild | CHG |
|---|---|---|
| US 10-YR | 4.47% | 0.07 |
| US 30-YR | 4.63% | 0.07 |
| US 5-YR | 4.43% | 0.04 |
| JPN 10-YR | 1.06% | 0.02 |
| UK 10-YR | 4.29% | 0.11 |
Futures & Commodities
| Name | Last | Change | %Change |
|---|---|---|---|
| WTI CRUDE | 83.38 | 1.84 | 2.26%↑ |
| NAT GAS | 2.492 | -0.106 | -4.08%↓ |
| GOLD | 2,338.90 | -0.70 | -0.03%↓ |
| SILVER | 29.61 | 0.05 | 0.18%↑ |
| COPPER | 4.418 | 0.027 | 0.60%↑ |
Equity Market Overview
Major U.S. stock indices rose on Monday, driven by a rebound in tech shares after a challenging week. The S&P 500 increased by 1.41% to 4,763.54, and the Nasdaq Composite surged 2.2% to 14,843.77, marking its best day since November 14. The Dow Jones Industrial Average gained 216.90 points, or 0.58%, closing at 37,683.01. Key tech stocks, including Nvidia (+6.4%), Amazon (+2.7%), and Alphabet (+2.3%), led the recovery as investors bought the dip. The VanEck Semiconductor ETF (SMH) soared 3.5%. Conversely, Boeing fell 8% due to the grounding of several 737 Max 9 aircraft. The 10-year Treasury yield dropped by 3 basis points to 4.012%. Analysts suggest the market remains bullish, with recent yield movements bolstering confidence in tech. This week, focus shifts to upcoming economic data, including the December consumer price index and the producer price index, which will provide insights into the Federal Reserve’s rate cut trajectory.
