© Reuters.
Thursday, October 19, 2023 – Following the NASDAQ’s significant loss of over 1.6% the previous day, minor gains were reported in US stock indices. The increased by 28 points to 33,698, the rose by 2.63 points to 4,317.20, and the saw a slight increase of 9.4 points to 13,324.
The US debt market yields exhibited mixed behavior. The two-year yield decreased by 0.8 basis points to 5.209%, while other yields saw an increase. The five-year yield rose by 1.2 basis points to 4.937%, the ten-year yield increased by 2.0 basis points to 4.921%, peaking at 4.983%, and the thirty-year yield rose by 1.2 basis points to reach 5.006%, hitting a high of 5.069%. This has led the yield curve to approach a state of flatness.
In commodities, prices experienced a drop of $0.75, settling at $86.52 per barrel. Meanwhile, prices saw an increase for the first time since reaching a yearly high of $2081.83 on May 4 and last trading above $2000 on May 16, with a gain of $7 bringing it to $1954.95 per ounce.
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