Portugal and Spain end higher. The rest fall

The European markets are ending the session with mixed results:

  • German Dax fell -0.13%
  • France's Cac fell -0.08%
  • UKs FTSE closed flat on the day
  • Spain's Ibex rose 0.22%
  • Italy's FTSE MIB fell -0.18%
  • Portugal's PSI20 rose 0.21%

In the 10 year debt sector today yields were mostly higher:

  • Germany 0.483%, up 1.8 bps
  • France 0.826%, up 2.2 bps
  • UK 1.398%, up 2.4 bps
  • Spain 1.466%, down -3.6 bps
  • Italy 3.04%, up 10 bps
  • Portugal 2.03%, up 8.5 bps

In other markets as London/ European traders look to exit:

  • Spot gold is up $1.75 or 0.14% at $1298.17.
  • WTI crude oil is rebounding today after the surprise build in inventories yesterday. The front futures contract is up $1.06 or 1.64% at $65.79
  • Bitcoin on Coinbase is higher by $77 in quiet trading. The low to high trading range remains at $133 today. The price does remain above the 100 hour MA at $7596 (the 200 hour MA is at $7558).

In the US stock market:

  • S&P is down -0.05%
  • Nasdaq is down -0.67%. The string of three straight record closes is at risk today
  • Dow is up 132 as funds flow from tech to big cap.

In the US debt market:

  • 2 year is unchanged at 2.516%
  • 5 year 2.8%, down 0.8 bps
  • 10 year 2.958%, down -1.2 bps
  • 30 year 3.10%, -2.0 bps

In the forex market, the dollar is higher vs the AUD, NZD and CAD and lower vs the rest of the majors.