The S&P 500 Gains 1.37%

For the first time since December 7, the S&P 500 moved more than 1% in a day. By the closing bell, the S&P 500 advanced 1.37% on the day.

The S&P 500 Financial Sector gained 2.84% today. That was followed by the Energy Sector at +2.05% and the Materials Sector at +1.82%.

In the bond market, a few maturities set multi-year highs today. The three-month yield closed at 0.63% today which is the highest since October 28, 2008. The six-month yield closed at 0.79% today which is the highest since November 17, 2008.

The one-year yield closed at 0.92% today which is the highest since November 26, 2008. The two-year yield rose to 1.29%. That’s the highest since August 7, 2009.

Here’s a chart showing the three- and six-month yields, plus the one-year yield.

Posted by on March 1st, 2017 at 10:30 pm


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