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Biz Links Previous Intro Factoids Q3-02 Index Q2-02 Index Q1-02 Index Q4-01 Index Q3-01 Index Q2-01 Index Q1-01 Index MLP Links |
First week summary: The 10-year note's yield rose to 4.77% [vs 4.534% last week]. The 30-year bond was yielding 5.46% [vs 5.315% last week]. For the week, the Dow lost 1.1%. The Nasdaq fell 0.1%. The Standard & Poor's 500 lost 0.8%. The Russell 2000 fell 2%. Second week summary: The Oil Well Services & Equipment sector finished the week down 10.52% year-to-date with a sector average yield of 7.40%. The Oil & Gas Operators sector finished the week down 12.10% year-to-date with a sector average yield of 7.50%. The Propane sector finished the week down 8.69% year-to-date with a sector average yield of 8.13%. The 10-year note's yield was unchanged at 4.77% [but reached 4.8% during the week]. The 30-year bond was yielding 5.49% [vs 5.46% last week]. The two year's yield ended at 2.54%, the 5 year at 3.90%. The Dow lost 1% for the week and the Nasdaq composite fell 0.7%. The S&P 500 fell 0.3%. Third week summary: Unlike the REIT sector, MLPs continued to fall this week, despite an improving Treasury market. The Oil Well Services & Equipment sector finished the week down 10.71% year-to-date [vs 10.52% last week] with a sector average yield of 7.41% [vs 7.40% last week]. The Oil & Gas Operators sector finished the week down 12.81% year-to-date [vs 12.10% last week] with a sector average yield of 7.56% {vs 7.50% last week}. The Propane sector finished the week down 9.85% year-to-date [vs 8.69% last week] with a sector average yield of 8.23% [vs 8.13% last week]. In late trading Friday, the 10-year Treasury note was yielding 4.76% [vs 4.78% last week], the 30-year bond - 5.46% [5.49% last week], the five-year note - 3.90% [unchanged] and the two-year note - 2.56% [2.54% last week]. Fourth week summary: The Oil Well Services & Equipment sector finished the week down 7.55% year-to-date [vs 10.71% last week] with a sector average yield of 7.16% [vs 7.41% last week]. The Oil & Gas Operators sector finished down 10.54% year-to-date [vs 12.81% last week] with a sector average yield of 7.37% {vs 7.56% last week}. The Propane sector finished down 7.56% year-to-date [vs 9.85% last week] with a sector average yield of 8.01% [vs 8.23% last week]. At the 2 p.m. early close on Friday, the 10-year Treasury note was yielding 4.651% [vs 4.76% last week], the 30-year bond - 5.344% [5.46% last week], the five-year note - 3.80% [vs 3.90] and the two-year note - 2.544% last week]. |