The KUIK Closing Market Report for Thursday, October 27:
Markets ended mixed.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(30)
points
18,170
2:43 PM
S&P500
Down
-0.3%
percent
2,133
(6.39)
Nasdaq Composite
Down
-0.7%
percent
5,216
(34.29)
30 Year Treasury
Up
6
Basis Points
2.60
Annual Yield
Global bond markets sold off sharply today, with the yield on the benchmark 10-year U.S. Treasury note closing at 1.85%, its highest level since June on doubts about more monetary stimulus by major central banks. Remarks from a Governor of the Bank of Japan reiterating a desire for a steeper Japanese yield curve contributed to early selling, while a stronger-than-expected reading on U.K. gross domestic product added to the selloff.
Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK.
