| The KUIK Morning Market Report for Tuesday, July 29: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 47 | points | 17,029 | 7:04 AM | ||
| S&P500 | Up | 0.2% | percent | 1,982 | 3.39 | ||
| Nasdaq Composite | Up | 0.4% | percent | 4,463 | 17.63 | ||
| 30 Year Treasury | Down | (3) | Basis Points | 3.23 | Annual Yield | ||
| U.S. house prices rose 1.1% in May, according to the Case-Shiller 20-city composite index, with every city showing gains in the values of single family homes. But prices fell 0.3% on a seasonally adjusted basis. Year-over-year, price growth decelerated to a 9.3% rate down from 10.8% in April, marking the slowest rate since February 2013. Portland home prices ros 1.2% for May and 10% year-over-year. | |||||||
| Spanish government bonds temporarily offered less yield than comparable U.S. Treasurys yesterday, one sign of how far European bond yields have fallen this year as investors search for yield. German 10-year bonds also hit record low yield. The Spanish 10-year was down 3 basis points on the day at 2.465%, though it briefly fell below the 10-year U.S. Treasury note yield, which was at 2.460%, according to Tradeweb. The Spanish yield last fell below the U.S. yield in June. The 10-year German bund yield fell 3.5 basis points to a record low of 1.115%. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for AM 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-home-prices-rise-11-in-may-amid-signs-of-waning-pressure-2014-07-29 | |||||||
| http://www.marketwatch.com/story/spanish-10-year-bonds-yield-less-than-us-treasurys-2014-07-29?dist=markets | |||||||
| For today’s Morning Market Report click to listen-> | |||||||