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The S&P 500 closed the week at 3,965.34, -0.69% lower. The Dow Jones closed at 33,745.69, -0.01%, with the Nasdaq lower by -1.57%. The volatility index VIX closed the week at 23.12 up from 22.52. The Euro Stoxx 600 rose +0.25%.
The 10-year UST closed at 3.83% up from 3.81% a week before. The yield curve inverted with the yield spread between the 3-month and 10-year UST at -42bps. US Corporate Bond spreads: Investment Grade tightened 13bps at 193bps and High Yield tightened 17bps at 500bps. German 10-year Bunds yield closed at +2.01% down from +2.16% a week before. In Europe, Corporate Investment Grade spreads tightened 18bps at 205bps and High Yield spreads tightened 34bps at 569bps.
The US Dollar Index (DXY) appreciated +0.60% last week and closed at 106.93. The Euro closed at 1.0325 (-0.21% weekly); the Yen depreciated -1.12%, closing at 140.37 and the Swiss Franc depreciated -1.38%, closing at 0.9547. Gold closed at $1,750.68 depreciating -1.16%. Oil was down, Brent closed at $87.62 (-8.72%) and WTI at $80.08 (-9.98%).