Monday, stocks gained slightly in Asia, Europe, and the U.S. on moderate volume. The 10-Year U.S. Treasury bond rate jumped up 5% to close at 1.62. Precious metals fell 1% while their miners lost about three times that amount.
Tuesday, stocks gained 0.5% in Asia, fell 0.3% in Europe, and gained 0.3% in the U.S. on moderate volume. The 10-Year U.S. Treasury bond rate shot up 5% to close at 1.70. Precious metals fell 1% while their miners lost about three times that amount. In a sharp reversal from the previous month, “investors” favored value stocks and lightened up on growth and momentum plays.
Wednesday, stocks gained in Asia 1.3%, in Europe 0.8%, and in the U.S. 0.7% on moderate volume. The VXO fell 5% to close at 14.55. The 10-Year U.S. Treasury bond rate rose 2% to close at 1.73. The Dow Jones Industrial Average, S&P 500 Index, and NYSE closed above 27,000, 3000, and 13,000 benchmarks respectively. Apple closed above 220 after new product announcements.
Thursday, stocks gained 0.2% in Asia, 0.4% in Europe, and 0.3% in the U.S. on moderate volume. The 10-Year U.S. Treasury bond rate rose 3% to close at 1.79. Precious metals miners fell 2%. Friday, stocks gained 0.6% in Asia, advanced slightly in Europe, and closed unchanged in the U.S. on moderate volume. The 10-Year U.S. Treasury bond rate skyrocketed 6% to close at 1.90. Precious metals miners fell 2%. Apple drifted back below the 220 benchmark. For the week, the 10-Year U.S. Treasury bond gained over 23% as stock indices neared all-time highs in response to no significant news.