10 year benchmark yields are mixed
The German DAX has had its worst day since February 7 (see post here). That comes a single day after the index breached the 200 day moving average to the top side for the 1st time since August 2018.
The provisional closes are showing:
- German DAX, -1.4%
- France's CAC, -0.6%
- UK's FTSE, -0.3%
- Spain's Ibex, -0.9%
- Italy's FTSE MIB, -0.47%
In the benchmark 10 year note sector, yields are ending the session mixed:
In the forex market, a flight into the safety of the CHF has moved that currency to being the strongest of the majors today. The GBP remains mired in a political mess and is the weakest currency of the day.
IN other markets:
- Spot gold is down -$6.07 at $1300.50. The low reached $1298.60. The higher dollar is helping
- WTI crude oil futures are up $0.77 after a huge drawdown of inventories this morning. The futures are trading at $59.80. The high reached $60.03.
IN the US stock market, indices are lower but off the lows:
- S&P is down -15.15 points o -0.54% at 2817.15
- Nasdaq is down -35.5 points or -0.46% at 7688.10
- Dow is down -173 points or -0.68% at 25713.
US yields are lower with yields down -1.7 to -2.4 bps
