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Foreign Bank Stocks with Astronomical 5% Yields

Daily Recap

Stocks were basically in the mode of taking a breather, following some big up days and on a day when there was little news of import.  Asian markets were mixed, with the biggest mover being Japan's NIKKEI - up 0.45%.  Nevertheless, the mysterious Asia Dow was down 0.27%.  European exchanges were about evenly split between up and down, and the STOXX 600 reflected that - down 0.02%.  It was the same in the Americas: 2 big markets up, 2 down.

In the US, the Dow Industrials traded lower in the morning, but higher in the afternoon.  They closed at 22,158, up 39 points or 0.18% higher.  The S&P 500 gained 2 points in the last few minutes, up 0.08%, and the NASDAQ similarly rallied at the end, up 0.09%.  

Fixed income assets slid again, sending the 10-year US note nudging the 2.20% yield area.  Despite a lower than expected producer price report ... Log in or subscribe to continue reading.


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