10 year yields

The European major stock indices are ending the session mixed in what was an up and down session.

  • German Dax rose 0.22%
  • France's CAC was unchanged
  • UK's FTSE fell -0.49%
  • Spain's Ibex rose 0.17%
  • Italy's FTSE MIB fell -0.56%

In the benchmark 10 year note sector, yields are unchanged to higher by a few basis points. Below is the snapshot of the change and highs and lows for those notes.

In other markets as London/Europe looks toward the exits for the day:

  • Spot gold is down -$3 or -0.25% at 1203.31
  • WTI crude oil is lower by -$1.67 or -2.36% at $68.70
  • Bitcoin on the Coinbase exchange is up $178 to $6483. The price remains above the 200 hour MA at $6395. Stay above and more corrective action can be anticipated. The price high today did stall at the September 7 high. A move above would be more bullish.

In the forex market, the strongest and weakest were really mixed up in the NA morning session.

Below is the levels at the start of the NA session (before Draghi and CPI). The AUD was the strongest. The JPY was the weakest.

This is the snapshot now. The JPY remains the weakest but has extended its fall on the back of the lower US CPI. The GBP and EUR has moved higher. The GBP has been supported by some Brexit news and the weaker dollar (and higher GBPJPY), the EUR was supported by more upbeat comments from Draghi.

In the US stock market, the indices opened with gains and moved higher. Trump comments sent the price back lower but not negative. The indices are now moving back higher:

  • The S&P is up 13 points or 0.45%
  • The Nasdaq is up 68 points or 0.87%
  • The Dow is up 130 points or 0.50%

Yields are mostly lower in the US and the yield curve is flattening. The US treasury will auction 30 year bonds later at 1 PM ET.