The S&P 500 closed the week at 3,477.13, +3.84% higher. The Dow Jones closed at 28,586.90, +3.27%, with the Nasdaq up by +4.56%. The volatility index VIX closed the week at 25.00 down from 27.36. The Euro Stoxx 600 gained +2.11%.
The 10-year UST closed at 0.77% up from 0.70% from a week before. The yield curve steepened with the yield spread between the 3-month and 10-year UST at +67bps. Corporate Bond spreads: Investment Grade tightened 10bps at 164bps and High Yield tightened 44bps to 559bps. German 10-year Bunds yield closed at -0.52% up from -0.53% a week ago. In Europe, Corporate Investment Grade spreads tightened 7bps to 128bps and High Yield tightened 19bps to 455bps.
The US Dollar Index (DXY) depreciated -0.84% during the week and closed at 93.06. The Euro closed at 1.1826 (+0.94% weekly); the Yen depreciated -0.31%, closing at 105.62 and the Swiss Franc appreciated +1.08%, closing at 0.9107. Gold closed at $1,930.40 appreciating +1.61%. Oil was up with Brent closing at $42.85 (+9.1%) and WTI at $40.60 (+9.6%).