Yield Curve Remains Inverted
Friday was quadruple-witching
economic news was light, with only the Current Account Deficit, which narrowed
and the University of Michigan’s Consumer Sentiment Index, which was stronger
The news had little effect on Treasuries which closed slightly lower in price,
pushing yields higher. The 2-yr T-note continued to attract the most attention
with its yield ending the week above both the 5-yr and 10-yr T-notes.
The US Dollar Index ended the week with a modest decline.
Energy prices were mixed, Crude Oil rose but Unleaded Gas, Heating Oil and
Natural Gas declined.
Gold, Silver and Copper ended a volatile week by closing higher.
Coffee was the only notable mover among the softs, falling -1.35%.
All the grains except for Wheat -0.69% closed higher.
Current Account Deficit Narrows To $208.7 Bln. For Q1 (report)
University Of Michigan’s Consumer Sentiment Index Preliminary June Reading At
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