Week In Review – May 11

Summary Bullet Points

  • U.S. 10-year yield up 2 bps
  • Brazil 10-year up 23 bps, closes over 10 percent for first time since January
  • Indonesia 10-year up 25 bps
  • Junk credit tighter
  • Euro periphery spreads tighter x/ Italy, though showed some improvement  on Friday
  • Argentina peso hammered another 6 percent
  • Dollar index rally backs up — 94 looks formidable resistance
  • S&P500 cleared several key levels after three weeks of indecisiveness
  • Crude continues rise, up 3.6 percent.
  • JFK-Trump analog diverges to widest level. We will give it another week or two before shelving it.
  • Norway and Portugal Country ETFs move into double-digit YTD return territory
  • Italy and France stock markets have fully recovered sell-off















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