Earnings season in full swing
The S&P 500 closed the week at 3,215.63, -0.28% lower. The Dow Jones closed at 26,469.89, -0.76%, with the Nasdaq down -1.33%. The volatility index VIX closed the week at 25.84 up from 25.68. The Euro Stoxx 600 slipped -1.45%.
The 10-year UST closed at 0.58% down from 0.63% a week before. The yield curve slightly flattened with the yield spread between the 3-month and 10-year UST at +48bps. Corporate Bond spreads: Investment Grade tightened 8bps at 167bps and High Yield tightened 49bps to 617bps. German 10-year Bunds yield closed at -0.45% unchanged from a week ago. In Europe, Corporate Investment Grade spreads tightened 11bps to 134bps and High Yield tightened 25bps to 488bps.
The US Dollar Index (DXY) depreciated -1.57% during the week and closed at 94.43. The Euro closed at 1.1656 (+2.00% weekly); the Yen appreciated +0.82%, closing at 106.14 and the Swiss Franc appreciated +1.92%, closing at 0.9206. Gold closed at $1,902.02 appreciating +5.06%. Oil was up with Brent closing at $43.34 (+0.46%) and WTI at $41.29 (+1.72%).