Friday, July 29, 2011

Financial Update: Friday June 29, 2011

• TSX -+15.11 to 13047.78
The Toronto stock market closed little changed Thursday as investors frustrated with the failure of American lawmakers to raise the country's debt limit looked ahead to a vote in the U.S. House of Representatives later in the day.

• DOW -.62.44 to 12240.11
Stocks sank for the fifth straight session on Thursday as political wrangling over the U.S. deficit continued to unnerve Wall Street

• Dollar -16c to 105.04 USD 

• Oil +0.33 to $97.22USD per barrel 

• Gold -.70 to $1616.50USD per ounce 

Canadian 5 yr bond yields markets -.01bps to 2.15.
The spread (based on the MERIX 5 yr rate published rate of 3.84%) is at the top of the comfort zone at 1.69. The spread based on the quick close of 3.64% is creeping up but still mid comfort zone at 1.49