Equities US Markets have advanced to an early Bullish phase. Their prices have risen well above their down-trending long-term moving averages.Given their sizeable gains, US markets may see a pullback as prices consolidate before the next potential up move.
Fixed Income The 10-year US Treasury Yield has closed at 2.791% slightly up from last week's 2.765%. The rate is down from the June 13 peak of 3.483%.The 2-year US Treasury closed at 3.20% unchanged from last week. The 2-year yield appears to be forming a Top.The 10-2 year Yield Curve remains inverted, with a negative spread of -0.41; during the past week, it fell to -0.48.
CurrenciesCurrencies vs. US Dollar: The Bearish Euro is attempting to make a bottom at 1.02; the bullish US Dollar settled at 106.43, unchanged from last week.