Market levels at the time of the Press Conference shows:
U.S. Stocks
Dow Jones: 51,919.18 (-86.01, -0.17%)
S&P 500: 7,470.93 (-40.41, -0.54%)
NASDAQ: 26,228.62 (-147.72, -0.56%)
Russell 2000: 2,945.98 (+6.78, +0.23%)
Takeaway: Major indices remain under modest pressure
U.S. Treasury Market
2Y Yield: 4.1379% (+9.1 bps)
5Y Yield: 4.2146% (+6.4 bps)
10Y Yield: 4.4552% (+2.7 bps)
30Y Yield: 4.9264% (-0.3 bps)
Takeaway: The front end is selling off sharply, pushing short-term yields higher. The move suggests traders are scaling back expectations for lower rates, and raising of expectations
Foreign Exchange
EURUSD: 1.1547 (-0.52%)
GBPUSD: 1.3350 (-0.57%)
AUDUSD: 0.7041 (-0.35%)
NZDUSD: 0.5790 (-0.69%)
USDCHF: 0.7962 (+0.42%)
USDCAD: 1.4058 (+0.46%)
USDJPY: 160.46 (+0.01%)
Takeaway: The dollar is broadly stronger, gaining against most major currencies as higher U.S. yields support the greenback.
Commodities & Crypto
WTI Crude Oil: $75.75Gold: $4,288.35 (-0.90%)
Silver: $69.04 (-1.30%)
Bitcoin: $65,407 (-0.31%)
Overall Market Theme
Stocks: Lower
Short-term Treasury yields: Higher
U.S. Dollar: Stronger
Gold/Silver: Weaker
Oil: Lower
This article was written by Greg Michalowski at investinglive.com.