September and the Third Quarter in Figures

September and the Third Quarter in Figures

October 1, 2016

Ten-year sovereign debt yields remained very low last quarter. British gilts dropped over a half percentage point for the second consecutive quarter, helped by a halving the Bank of England’s policy interest rate and resumption of quantitative stimulus there. The dollar fell mostly last quarter, but the loss against sterling was trimmed in September. Equities experienced good demand last quarter, and criticisms escalated that persistent ultra-low central bank rates are promoting an asset bubble in stocks as well as bonds. Oil, which had appreciation over 25% in the second quarter, was little changed in 3Q despite a rise in September of almost 8%. Gold closed with little net change in either September or the whole third quarter.

10-Yr Yield 09/30/16 Chg v End-Aug Chg v End-2Q
U.S. 1.60% +3 Basis Points +12 Basis Points
Germany -0.12% -5 +1
Japan -0.10% +3 +13
U.K. 0.74% +10 -59
Canada 0.99% -3 -6
Switzerland -0.60% -7 +5
3-month rates 09/30/16 Chg v End-Aug Chg v End-2Q
U.S. 0.85% +1 Basis Point +20 Basis Points
Euroland -0.32% 0 -3
Japan -0.05% -2 -2
U.K. 0.38% -1 -18
Swiss -0.75% -1 +3
FX 09/30/16 $’s Chg in Sept $ Chg in 3Q
EUR/USD 1.1244 -0.8% -1.3%
USD/JPY 101.35 -2.0% -1.8%
USD/CHF 0.9710 -1.3% -0.5%
GBP/USD 1.2975 +1.2% -2.7%
AUD/USD 0.7659 -1.9% -2.7%
NZD/USD 0.7283 -0.4% -2.0%
USD/CAD 1.3122 +0.1% +1.4%
USD/CNY 6.6718 0.0% +0.4%
Equities 09/30/16 Chg v End-Aug Chg v End-2Q
S&P 500 2168 -0.1% +3.6%
Nasdaq 5312 +1.9% +9.7%
Djia 18308 -0.5% +2.1%
Dax 10511 -0.8% +8.6%
Nikkei 16450 -2.6% +5.6%
Ftse 6890 +1.6% +5.9%
Canada TSE 14726+ +0.9% +4.7%
Commodities 09/30/16 Chg v End-Aug Chg v End-2Q
Oil, $ per barrel 48.24 +7.9% -0.2%
Gold, $ per ounce 1313.30 +0.5% -0.4%

Copyright Larry Greenberg 2016.  All rights reserved.  No secondary distribution without express permission.

Tags: bonds, commodities, foreign exchange, stocks




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