|Market/Index||2016 Close||Prior Week||As of 1/27||Weekly Change||YTD Change|
|Fed. Funds target rate||0.50%-0.75%||0.50%-0.75%||0.50%-0.75%||0 bps||0 bps|
|10-year Treasuries||2.44%||2.46%||2.48%||2 bps||4 bps|
Monthly Archives: January 2017
The markets regained their swag as each of the indexes listed here posted week-over-week gains at the close of the first week of the New Year. The Dow gained a little over 1.0% for the week, inching closer to 20000 for the first time ever. Nasdaq posted the largest gain of the week, followed by the Global Dow. The dollar strengthened, cutting into exports, while the yield on 10-year Treasuries stayed the course.
The price of crude oil (WTI) fell slightly last week, closing at $53.70 per barrel, down from the prior week’s closing price of $53.83 per barrel. Continue reading
The Dow suffered its first weekly loss since the presidential election, and each of the indexes listed here closed the last week of 2016 on the down side. Despite the lackluster returns for the final week of the year, each of the indexes closed the year in positive territory, led by the Russell 2000, which posted almost a 20% year-over-year gain. Long-term bond prices and gold increased by the end of last week, with the yield on 10-year Treasuries dropping 10 basis points, while the price of gold climbed about 1.7%. Continue reading