Weekly Commentary: Full CBB To Be Posted This Weekend

2026-01-10 06:00:48 ET

For the Week:

The S&P 500 gained 16% (up 1.8% y-t-d), and the Dow rose 2.3% (up 3.0%). The Utilities fell 1.5% (down 0.5%). The Banks advanced 2.1% (up 3.9%), and the Broker/Dealers gained 2.2% (up 3.8%). The Transports jumped 3.7% (up 4.8%). The S&P 400 Midcaps rose 3.3% (up 4.7%), and the small cap Russell 2000 surged 4.6% (up 5.7%). The Nasdaq 100 gained 2.2% (up 2.0%). The Semiconductors surged 3.7% (up 7.8%). The Biotechs advanced 3.1% (up 4.1%). With bullion jumping $177, the HUI gold index surged 8.9% (up 8.8%).

Three-month Treasury bill rates ended the week at 3.5125%. Two-year government yields jumped six bps to 3.53% (up 6bps y-t-d). Five-year T-note yields added a basis point to 3.75% (up 2bps). Ten-year Treasury yields slipped three bps to 4.17% (unchanged). Long bond yields fell six bps to 4.81% (down 3bps). Benchmark Fannie Mae MBS yields sank 21 bps to 4.88% (down 16bps)....

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