Prospects of a U.S./China trade “truce” stoked a strong risk-on sentiment, significantly boosting U.S. Treasury yields. The increase offset a majority of the previous week’s declines.
After declining for three weeks, equity prices advanced last week, helped largely by Friday’s sharp rally following the announcement of a “Phase One” U.S/China trade deal. Sentiment was also helped by some improving economic data.
U.S. Treasury yields fell dramatically last week, led by shorter maturities. Weaker-than-expected manufacturing data fueled risk-off sentiment.
Equities finished lower for the third straight week, despite a rally on Friday, with the S&P 500 falling 0.30% for the week. Technology, health care and consumer staples were the strongest-performing sectors, while energy, financials and industrials were the weakest.
U.S. Treasury yields fell slightly last week, led by 2-year maturities. Political concerns weighed on market sentiment, and escalating U.S./ China trade tensions and weakening consumer confidence data added to investor concerns.
U.S. stocks struggled for a second straight week, with the S&P 500 Index falling 1%. More defensive areas such as utilities, REITs and consumer staples outperformed, while health care, energy and communications services lagged.
U.S. Treasury yields dropped significantly last week, led by longer maturities. As expected, the Federal Reserve (Fed) cut rates, although future guidance regarding policy was unclear.
U.S. stocks broke their three-week winning streak, as the S&P 500 Index fell 0.5%. The Federal Reserve was the main focus of last week’s markets.
U.S. Treasury yields rose dramatically last week, led by longer maturities. Several maturity ranges experienced their largest weekly increase since late 2016. Investor sentiment was bolstered by an improving outlook for U.S./China trade and near certain expectations for another Federal Reserve (Fed) rate cut this week.
Global stock markets enjoyed a third week of gains, as global monetary policy continued to ease and as trade tensions lessened (or at least did not get worse). The European Central Bank ramped up its easing policies and the Federal Reserve looks set to cut rates this week, which helped the overall risk-on sentiment.
U.S. Treasury yields rose last week as investor sentiment improved, led by longer maturities. After a soft start due to weak U.S. manufacturing data and geopolitical concerns, market sentiment was boosted by improved prospects for Brexit and a sense of easing tensions in Hong Kong and U.S./China trade talks.
Equity markets extended their gains for a second week, following a four-week losing streak. Investor sentiment was boosted by news that the U.S. and China plan to meet early next month to discuss trade issues, although it is still unclear how much progress may be made.