Major indices mixed in early US trading

The US major indices are mixed and modestly changed in the first few minutes of trading:

A snapshot of the market currently shows:

• Dow industrial average down -27.83 points or -0.09% at 31146.02
• S&P index plus 3.23 points or 0.08% at 3857.67
• NASDAQ index up 60 points or 0.53% at 11432.60
• Russell 2000 is down -0.95 points or -0.05% at 1731.05

In other markets:

• spot gold is down $-2 or -0.14% at 1731.08.
• Spot silver is down $0.10 or -0.45% at $19
• WTI crude oil futures are back below the $100 level at $99.08. That's down close to $5 on the day
• Bitcoin is also moving lower back below the $20,000 level at $1950

In the US debt market, yields are lower for the 2nd consecutive day after last week's near a 25 basis point increase (in the shorter end):

• 2 year 3.004%, -7.4 basis points
• 5 year 2.965%, -9.4 basis points
• 10 year 2.904%, -9.4 basis points
• 30 year 3.105%, -7.3 basis points

The US treasury will auction at 10 year notes at 1 PM ET. Yesterday the auctioned off $42 million of 3 year notes with strong demand from both international and domestic buyers.

The JPY JPY The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by The Japanese yen (JPY) is the official currency of Japan and at the time of writing is the third most-traded currency in the world behind only the US dollar and euro.The JPY is used extensively as a reserve currency and is relied upon by forex traders as a safe haven currency.Originally implemented in 1871, the JPY has had a long history and has survived multiple world wars and other events. This was followed by the creation of the Bank of Japan (BoJ) in 1882 and the full oversight of the JPY by Read this Term is the strongest of the major currencies Currencies Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve as a backbone of the country’s or countries’ economy, due to the perception of value held by the popu Read this Term while the CAD is the weakest. The USD is little changed vs the EUR and CHF, higher vs the GBP and CAD and down vs the JPY, AUD and NZD.