Corporate bond sales globally are approaching busiest August on record as yields are push to lows on investors favoring safer products.
Purchases increased 0.4% in July, the first time in three months, as increase in incomes make up for the jobless rate staying at above 8%.
Spain’s Prime Minister Rajoy said that the nation will delay deciding whether to seek a sovereign bailout following a meeting with the French President. Rajoy also pledged to continue bailing out its regions as Valencia requested more money to cover debt.
Equities:
DJIA: 13,001 (-0.81%)
S&P500: 1,399 (-0.78%)
Nasdaq: 3,049 (-1.05%)
EuroStoxx: -1.25%
Nikkei: -0.95%
Hang Seng: -1.19%
U.S. retailers, specifically The Gap and Macy’s, posted August same store sales that topped analysts’ estimates on consumers taking advantage of back to school sales.
Commodities:
WTI Crude: 94.65 (-0.88%)
Nat Gas: +2.94%
Copper: +0.13%
Corn: -0.61%
FX:
EURUSD: 1.2506 (-0.19%)
DXY Dollar Index: 81.696 (+0.18%)
Rates:
U.S. 10y: 1.6233% (-2.7bp)
German 10y: 1.322% (-6bp)
Spanish 10y: 6.594% (+13bp)
Italian 10y: 5.787% (+2bp)
