| Last | Change | Percent | |
| S&P Futures | 1322.0 | 7.0 | 0.53% |
| Eurostoxx Index | 2147.7 | -0.3 | -0.01% |
| Oil (WTI) | 91.13 | 0.3 | 0.30% |
| LIBOR | 0.467 | 0.000 | 0.00% |
| US Dollar Index (DXY) | 82.27 | -0.131 | -0.16% |
| 10 Year Govt Bond Yield | 1.72% | -0.02% | |
| RPX Composite Real Estate Index | 177.4 | 0.3 |
Markets are higher this morning on hopes of stimulus in China. Spain is working on a rescue plan for Bankia, its 3rd largest lender. Spanish banking woes have pushed their sovereign debt to around 6.5%, close to the highs of last November. While Greek and Spanish fears are pushing sovereign yields higher, we have not seen a corresponding rise in EURIBOR / OIS, which is a signal that the banking system in Europe is taking a sanguine view, at least for now. Meanwhile, Treasuries and bonds are higher, with the 10 year bond now at 1.73%
The S&P Case-Schiller index posted a slight sequential gain in March, but was still down 3% YOY, and made a new post-crisis low. Nationwide, house prices on average are back at their mid-2002 levels. That said, the pace of the decline has definitely slowed.
Chart: Case-Schiller
No comments:
Post a Comment