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Biz Links Previous May 04 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 Treasury note closed Friday yielding 4.77% [vs 4.651% last week], the 30-year bond - 5.46% [5.344% last week], the five-year note - 3.95% [vs 3.80]. Nonfarm business payrolls grew 248,000 in May. Economists expected total job gains of 215,000 in May, while bond traders expected 255,000. Second week summary: The Oil Well Services & Equipment sector finished the week down 6.96% year-to-date [vs being down 7.55% at the end of last month] with a sector average yield of 7.11% [vs a yield of 7.16% at the end of last month]. The Oil & Gas Operators sector finished the week down 10.30% year-to-date [vs -10.54% at the end of last month] with a sector average yield of 7.35% [vs 7.37% at the end of last month]. The Propane sector finished the week down 6.29% Year-to-date [vs -7.56% at the end of last month] with a sector average yield of 7.94% [vs 8.01% at the end of last month]. The 10-year Treasury note closed Thursday yielding 4.798% [vs 4.77% last week]. The 30-year bond ended at 5.468% [5.46% last week]. The markets were closed on Friday. Fourth week summary: The Oil Well Services & Equipment sector finished the month down 4.41% year-to-date [vs being down 7.55% at the end of May] with a sector average yield of 6.93% [vs a yield of 7.16% at the end of May - a fall of 23 basis points]. The Oil & Gas Operators sector finished the month down 9.51% year-to-date [vs -10.54% at the end of May] with a sector average yield of 7.29% [vs 7.37% at the end of last month]. The Propane sector finished the month down 5.14% year-to-date [vs -7.56% at the end of last month] with a sector average yield of 7.83% [vs 8.01% at the end of last month]. In late trading, the 10-year Treasury note was yielding 4.60% [vs 4.71% on the 18th - down 11 basis points and vs 4.651% at the end of last month - a fall of about 5 basis points for the month]. The 30-year Treasury was yielding 5.30%. The five-year note was yielding 3.78%, while the three-year yielding 3.10%. The two-year was yielding 2.70%. |