The Wall Street Journal - 31.10.2019

(Rick Simeone) #1

B8| Thursday, October 31, 2019 THE WALL STREET JOURNAL.


Metal & Petroleum Futures
Contract Open
Open High hi lo Low Settle Chg interest
Copper-High(CMX) -25,000 lbs.; $ per lb.
Nov 2.6850 2.6865 2.6750 2.6805–0.0050 2,554
Dec 2.6920 2.6955 2.6605 2.6860–0.0055 140,496
Gold(CMX) -100 troy oz.; $ per troy oz.
Nov 1487.20 1495.40 1481.00 1493.20 5.80 709
Dec 1490.50 1499.30 1483.10 1496.70 6.00 478,496
Feb'20 1496.90 1506.00 1490.30 1503.80 6.10 77,270
April 1502.90 1511.00 1495.90 1508.90 6.20 33,341
June 1508.30 1515.50 1500.60 1513.60 6.10 38,317
Aug 1517.30 1520.40 1505.90 1518.20 6.00 6,247
Palladium(NYM) - 50 troy oz.; $ per troy oz.
Nov ...... ...1794.60 37.00
Dec 1752.00 1799.20s 1750.10 1792.10 37.00 23,222
March'20 1748.00 1793.00s 1748.00 1786.10 36.80 3,528
June 1752.90 1753.50 1752.90 1776.60 37.20 1,490
Platinum(NYM) -50 troy oz.; $ per troy oz.
Nov 923.00 923.00 923.00 926.60 5.70 31
Jan'20 924.20 931.90 918.30 930.60 5.50 81,109
Silver(CMX) -5,000 troy oz.; $ per troy oz.
Nov 17.790 17.845 17.705 17.815 0.039 293
Dec 17.820 17.965 17.590 17.867 0.036 159,633
Crude Oil, Light Sweet(NYM) -1,000 bbls.; $ per bbl.
Dec 55.53 55.73 54.42 55.06 –0.48 426,782
Jan'20 55.62 55.88 54.58 55.10 –0.58 232,397
Feb 55.57 55.84 54.55 54.94 –0.70 125,499
March 55.44 55.66 54.36 54.66 –0.81 187,502
June 54.53 54.71 53.31 53.56 –0.98 173,139
Dec 52.94 53.07 51.69 51.89 –1.06 179,369
NY Harbor ULSD(NYM) -42,000 gal.; $ per gal.
Nov 1.9554 1.9605 1.9060 1.9136–.0427 13,630
Dec 1.9461 1.9535 1.8950 1.9022–.0437 144,629
Gasoline-NY RBOB(NYM) -42,000 gal.; $ per gal.
Nov 1.6911 1.7058 1.6521 1.6645–.0212 17,414
Dec 1.6446 1.6597 1.6056 1.6178–.0238 154,057
Natural Gas(NYM) -10,000 MMBtu.; $ per MMBtu.
Dec 2.628 2.723 2.616 2.691 .052 336,214
Jan'20 2.720 2.809 2.708 2.781 .057 235,013
Feb 2.667 2.760 2.664 2.737 .059 83,188
March 2.552 2.619 2.531 2.598 .051 142,036
April 2.317 2.360 2.304 2.347 .034 88,075
May 2.299 2.336 2.287 2.327 .034 76,186


Agriculture Futures
Corn(CBT)
-5,000 bu.; cents per bu.
Dec 385.75 391.25 385.25 390.75 4.50 701,621
March'20 395.50 400.00 395.00 399.50 3.50 384,240
Oats(CBT) -5,000 bu.; cents per bu.
Dec 297.50 300.75 295.00 296.75 –3.75 4,738
March'20 297.00 297.75 292.75 293.50 –4.50 1,734
Soybeans(CBT) -5,000 bu.; cents per bu.
Nov 917.75 921.50 915.25 916.00 –2.25 47,495
Jan'20 933.00 937.00 930.25 930.50 –3.00 315,293
Soybean Meal(CBT) -100 tons; $ per ton.
Dec 303.00 304.10 302.00 302.20 –.80 148,895
Jan'20 305.60 306.60 304.60 304.80 –.80 98,370
Soybean Oil(CBT) -60,000 lbs.; cents per lb.
Dec 31.05 31.32 30.90 30.98 –.02 171,700
March'20 31.48 31.95 31.39 31.48 ... 118,599
Rough Rice(CBT) -2,000 cwt.; $ per cwt.
Nov 1162.00 1190.00 1160.00 1170.00 5.50 960
Jan'20 1195.50 1220.50 1190.00 1200.00 7.50 8,136
Wheat(CBT) -5,000 bu.; cents per bu.
Dec 511.25 514.00 507.00 509.25 –2.25 195,063
March'20 517.25 519.25 512.75 515.00 –2.50 105,677
Wheat(KC) -5,000 bu.; cents per bu.
Dec 419.25 422.00 416.25 418.25 –.75 166,462
March'20 432.00 434.25 429.00 430.50 –1.00 70,742
Cattle-Feeder(CME) -50,000 lbs.; cents per lb.
Oct 145.650 146.200 145.400 146.025 .600 1,725
Jan'20 141.600 144.975 141.325 144.800 3.200 18,492
Cattle-Live(CME) -40,000 lbs.; cents per lb.
Oct 113.050 114.425 112.700 113.375 .025 355
Dec 116.750 118.600 116.650 118.300 1.475 128,107
Hogs-Lean(CME) -40,000 lbs.; cents per lb.
Dec 63.700 66.475 63.500 65.775 1.450 101,527
Feb'20 71.875 74.000 71.850 73.275 .650 61,511
Lumber(CME) -110,000 bd. ft., $ per 1,000 bd. ft.
Nov 400.90 406.20 395.00 395.00 –7.60 907
Jan'20 409.50 417.20s 406.50 407.10 –2.90 1,927
Milk(CME) -200,000 lbs., cents per lb.
Nov 19.85 20.27s 19.81 20.21 .35 5,076
Dec 18.95 19.49s 18.86 19.48 .56 4,207
Cocoa(ICE-US) -10 metric tons; $ per ton.
Dec 2,481 2,506 2,446 2,454 –31 77,236


COMMODITIES


Futures Contracts Open High hiloContractLow Settle Chg interestOpen


March'20 2,525 2,539 2,487 2,496 –28 94,213
Coffee(ICE-US) -37,500 lbs.; cents per lb.
Dec 98.70 100.35 97.05 99.35 .40 119,419
March'20 102.40 103.90 100.65 102.80 .30 75,126
Sugar-World(ICE-US) -112,000 lbs.; cents per lb.
March 12.34 12.44 12.24 12.41 .07 535,871
May 12.46 12.55 12.35 12.51 .05 167,813
Sugar-Domestic(ICE-US) -112,000 lbs.; cents per lb.
Jan 26.35 26.35 26.35 26.35 .20 1,470
March 26.51 26.51 26.50 26.63 .11 1,047
Cotton(ICE-US) -50,000 lbs.; cents per lb.
Dec 64.65 65.99 64.64 65.70 .98 118,770
March'20 65.80 67.13 65.77 66.89 1.12 76,455
Orange Juice(ICE-US) -15,000 lbs.; cents per lb.
Nov 94.80 95.45 t 92.60 95.10 .40 1,037
Jan'20 97.85 98.80 t 96.10 98.45 .60 13,863
Interest Rate Futures
Ultra Treasury Bonds(CBT) - $100,000; pts 32nds of 100%
Dec 184-090 187-050 183-300 186-130 1-29.01,143,456
March'20 184-280 186-120 183-070 185-210 1-29.0 4,701
Treasury Bonds(CBT) -$100,000; pts 32nds of 100%
Dec 158-190 160-010 158-120 159-190 29.01,014,136
March'20 157-260 159-060 157-190 158-250 29.0 9,171
Treasury Notes(CBT) -$100,000; pts 32nds of 100%
Dec 129-075 129-230 129-035 129-155 7.03,733,168
March'20 129-075 129-240 129-050 129-165 7.5 124,692
5 Yr. Treasury Notes(CBT) -$100,000; pts 32nds of 100%
Dec 118-175 118-260 118-140 118-207 3.04,401,366
March'20 118-282 119-040 118-240 118-305 3.0 103,097
2 Yr. Treasury Notes(CBT) -$200,000; pts 32nds of 100%
Dec 107-191 107-217 107-169 107-198 0.73,745,271
March'20 107-250 107-277 107-224 107-255 0.7 197,887
30 Day Federal Funds(CBT) -$5,000,000; 100 - daily avg.
Oct 98.1675 98.1700 98.1675 98.1700 .0025 403,337
Nov 98.3975 98.4150 98.3925 98.4125 .0175 437,968
10 Yr. Del. Int. Rate Swaps(CBT) -$100,000; pts 32nds of 100%
Dec 97-210 98-060 97-145 97-290 12.0 75,274
Eurodollar(CME) -$1,000,000; pts of 100%
Nov 98.1000 98.1275 98.0950 98.1125 .0175 333,762
Dec 98.0950 98.1300 98.0850 98.1000 .01001,524,571
March'20 98.3050 98.3450 98.2750 98.3100 .01001,587,027
June 98.3800 98.4200 98.3450 98.3900 .01501,235,242
Currency Futures
Japanese Yen(CME) -¥12,500,000; $ per 100¥
Nov .9198 .9207 t .9165 .9187–.0014 1,778
Dec .9208 .9223 .9175 .9202–.0014 158,693
Canadian Dollar(CME) -CAD 100,000; $ per CAD
Nov .7640 .7649 .7572 .7588–.0053 881
Dec .7643 .7651 .7572 .7589–.0053 185,579
British Pound(CME) -£62,500; $ per £
Nov 1.2866 1.2907 1.2860 1.2898 .0030 893
Dec 1.2881 1.2926 1.2863 1.2908 .0029 211,071
Swiss Franc(CME) -CHF 125,000; $ per CHF
Dec 1.0094 1.0149 1.0089 1.0130 .0032 65,614
March'20 1.0181 1.0219 1.0164 1.0203 .0031 84
Australian Dollar(CME) -AUD 100,000; $ per AUD
Nov .6860 .6904 .6853 .6881 .0013 787
Dec .6871 .6918 .6857 .6886 .0013 151,550
Mexican Peso(CME) -MXN 500,000; $ per MXN
Nov .05190 .05220 .05188 .05211–.00002 2
Dec .05198 .05206 .05163 .05189–.00002 280,524
Euro(CME) -€125,000; $ per €
Nov 1.1128 1.1165 1.1098 1.1140 .0014 3,181
Dec 1.1145 1.1185 1.1114 1.1160 .0014 509,507
Index Futures
Mini DJ Industrial Average(CBT) -$5 x index
Dec 27053 27230 26940 27132 90 110,289
March'20 27055 27205 26936 27120 87 4,235
S&P 500 Index(CME) -$250 x index
Dec 3034.30 3054.40s 3009.40 3047.80 12.10 21,304
Mini S&P 500(CME) -$50 x index
Dec 3036.50 3055.00s 3023.25 3047.75 12.002,522,874
March'20 3038.50 3056.50s 3025.00 3049.75 12.25 98,610
Mini S&P Midcap 400(CME) -$100 x index
Dec 1975.80 1976.00 1958.00 1969.70 –5.90 68,289
Mini Nasdaq 100(CME) -$20 x index
Dec 8057.3 8141.0s 8020.5 8111.3 56.0 228,200
March'20 8081.0 8161.3s 8042.3 8132.3 56.0 1,454
Mini Russell 2000(CME) -$50 x index
Dec 1578.50 1579.70 1561.80 1574.40 –3.80 447,653
Mini Russell 1000(CME) -$50 x index
Dec 1675.00 1683.60s 1670.70 1681.80 4.90 8,076
U.S. Dollar Index(ICE-US) -$1,000 x index
Dec 97.46 97.80 97.23 97.44 –.03 47,251
March'20 96.99 97.38 96.88 97.02 –.02 2,240

Source: FactSet

WSJ.com/commodities

Cash Prices Wednesday, October 30, 2019
These prices reflect buying and selling of a variety of actual or “physical” commodities in the marketplace—
separate from the futures price on an exchange, which reflects what the commodity might be worth in future
months.
Wednesday
Energy
Coal,C.Aplc.,12500Btu,1.2SO2-r,w 65.400
Coal,PwdrRvrBsn,8800Btu,0.8SO2-r,w 12.150
Metals
Gold, per troy oz
Engelhard industrial 1491.00
Engelhard fabricated 1602.83
Handy & Harman base 1492.40
Handy & Harman fabricated 1656.56
LBMA Gold Price AM *1492.75
LBMA Gold Price PM *1486.75
Krugerrand,wholesale-e 1554.38
Maple Leaf-e 1569.33
American Eagle-e 1569.33
Mexican peso-e 1810.04
Austria crown-e 1468.01
Austria phil-e 1569.33
Silver, troy oz.
Engelhard industrial 17.8300
Engelhard fabricated 21.3960
Handy & Harman base 17.8850
Handy & Harman fabricated 22.3560
LBMA spot price *£13.7400
(U.S.$ equivalent) *17.6600
Coins,wholesale $1,000 face-a 13148
Other metals
LBMA Platinum Price PM *918.0
Platinum,Engelhard industrial 923.0

Wednesday
Platinum,Engelhard fabricated 1023.0
Palladium,Engelhard industrial 1803.0
Palladium,Engelhard fabricated 1903.0
Aluminum, LME, $ per metric ton *1737.5
Copper,Comex spot 2.6805
Iron Ore, 62% Fe CFR China-s 85.1
Shredded Scrap, US Midwest-s,m 212
Steel, HRC USA, FOB Midwest Mill-s 493
Fibers and Textiles
Burlap,10-oz,40-inch NY yd-n,w 0.5000
Cotton,1 1/16 std lw-mdMphs-u 0.6520
Cotlook 'A' Index-t *75.50
Hides,hvy native steers piece fob-u 39.000
Wool,64s,staple,Terr del-u,w n.a.
Grains and Feeds
Barley,top-quality Mnpls-u n.a.
Bran,wheat middlings, KC-u 108
Corn,No. 2 yellow,Cent IL-bp,u 3.8200
Corn gluten feed,Midwest-u,w 104.0
Corn gluten meal,Midwest-u,w 382.0
Cottonseed meal-u,w 213
Hominy feed,Cent IL-u,w 106
Meat-bonemeal,50% pro Mnpls-u,w 215
Oats,No.2 milling,Mnpls-u 3.1575
Rice, Long Grain Milled, No. 2 AR-u,w 25.25
Sorghum,(Milo) No.2 Gulf-u 7.5125
SoybeanMeal,Cent IL,rail,ton48%-u 303.70
Soybeans,No.1 yllw IL-bp,u 8.9400
Wheat,Spring14%-pro Mnpls-u 6.8850

Wednesday
Wheat,No.2 soft red,St.Louis-bp,u 5.0400
Wheat - Hard - KC (USDA) $ per bu-u 4.1825
Wheat,No.1soft white,Portld,OR-u 6.0250

Food
Beef,carcass equiv. index
choice 1-3,600-900 lbs.-u 193.50
select 1-3,600-900 lbs.-u 169.28
Broilers, National comp wtd. avg.-u,w 0.7831
Butter,AA Chicago 2.0800
Cheddar cheese,bbl,Chicago 227.25
Cheddar cheese,blk,Chicago 217.25
Milk,Nonfat dry,Chicago lb. 116.50
Coffee,Brazilian,Comp 1.0019
Coffee,Colombian, NY 1.3403
Eggs,large white,Chicago-u 0.6550
Flour,hard winter KC 13.75
Hams,17-20 lbs,Mid-US fob-u 0.70
Hogs,Iowa-So. Minnesota-u 61.87
Pork bellies,12-14 lb MidUS-u 1.2096
Pork loins,13-19 lb MidUS-u 0.9345
Steers,Tex.-Okla. Choice-u 112.00
Steers,feeder,Okla. City-u,w 151.50

Fats and Oils
Corn oil,crude wet/dry mill wtd. avg.-u,w 28.3000
Grease,choice white,Chicago-h 0.2250
Lard,Chicago-u n.a.
Soybean oil,crude;Centl IL-u 0.3091
Tallow,bleach;Chicago-h 0.2400
Tallow,edible,Chicago-u n.a.

KEY TO CODES: A=ask; B=bid; BP=country elevator bids to producers; C=corrected; E=Manfra,Tordella & Brooks; G=ICE; H=American Commodities Brokerage Co;
M=monthly; N=nominal; n.a.=not quoted or not available; R=SNL Energy; S=Platts-TSI; T=Cotlook Limited; U=USDA; W=weekly, Z=not quoted. *Data as of 10/29
Source: WSJ Market Data Group

Global Government Bonds: Mapping Yields
Yields and spreads over or under U.S. Treasurys on benchmark two-year and 10-year government bonds in
selected other countries; arrows indicate whether the yield rose(s) or fell (t) in the latest session
Country/ Yield (%) Spread Under/Over U.S. Treasurys, in basis points
Coupon (%) Maturity, in years Latest(l)-2-101234Previous Month ago Year ago Latest Prev Year ago

1.500 U.S. (^2) 1.624t l 1.647 1.616 2.859
1.625 10 1.795t l 1.839 1.667 3.123
5.750 Australia 2 0.827t l 0.845 0.783 1.974 -79.6 -80.2 -88.5
2.750 10 1.148t l 1.192 1.027 2.589 -64.8 -64.6 -53.5
0.000 France 2 -0.587s l -0.597 -0.683 -0.422 -221.1 -224.4 -328.1
0.500 10 -0.059t l -0.056 -0.274 0.745 -185.4 -189.5 -237.9
0.000 Germany 2 -0.630s l -0.635 -0.765 -0.623 -225.3 -228.2 -348.2
0.000 (^10) -0.351t l -0.349 -0.574 0.370 -214.6 -218.7 -275.4
0.050 Italy 2 -0.173s l -0.183 -0.254 1.127 -179.7 -183.0 -173.1
3.000 10 0.995s l 0.985 0.827 3.471 -80.1 -85.3 34.8
0.100 Japan 2 -0.213t l -0.210 -0.321 -0.119 -183.7 -185.7 -297.8
0.100 10 -0.120t l -0.110 -0.221 0.121 -191.6 -194.8 -300.2
0.050 Spain 2 -0.408t l -0.393 -0.505 -0.197 -203.1 -204.0 -305.6
0.600 10 0.283t l 0.293 0.146 1.573 -151.2 -154.6 -155.0
3.750 U.K. 2 0.526t l 0.540 0.365 0.722 -109.8 -110.7 -213.7
1.625 10 0.687t l 0.710 0.486 1.256 -110.8 -112.9 -186.7
Source: Tullett Prebon
Corporate Debt
Price moves by a company's debt in the credit markets sometimes mirror and sometimes anticipate, moves in
that same company’s share price.
Investment-grade spreads that tightened the most...
Spread, in basis points Stock Performance
Issuer SymbolCoupon (%) Maturity Current One-day change Last week Close ($) % chg
GE GE 5.000 Jan. 21, ’49 294 –87 304 10.11 11.47
Edison Intl EIX 4.125 March 15, ’28 248 –25 200 62.16 –4.95
US Bank NA USB 3.450 Nov. 16, ’21 19 –16 35 .. ...
Daimler Finance North AmericaDAIGR 3.750 Nov. 5, ’21 39 –15 57 ... ...
BPCE S.A. BPCEGP 4.500 March 15, ’25 141 –11 n.a. ... ...
Barclays BACR 4.836 May 9, ’28 201 –9 213 ... ...
Comcast CMCSA 6.500 Nov. 15, ’35 101 –9 n.a. 44.69 –1.46
GATX GMT 3.500 March 15, ’28 146 –7 n.a. ... ...
...And spreads that widened the most
DeutscheBank AG DB
4.875 Dec. 1, ’32 425 34 452 7.36 –7.77
GoldmanSachs GS 5.500 Aug. 10, ’24 n.a. 27 n.a. 215.81 –0.84
BAT Capital BATSLN 4.390 Aug. 15, ’37 232 24 213 ... ...
MPLX MPLX 4.700 April 15, ’48 235 17 234 26.35 0.61
Nextera Energy Capital HoldingsNEE 1.950 Sept. 1, ’22 44 16 50 ... ...
Ally Financial ALLY 4.625 May 19, ’22 99 15 97 31.21 0.03
EQT EQT 3.000 Oct. 1, ’22 349 15 340 9.90 –3.98
Hillenbrand HI 4.500 Sept. 15, ’26 245 15 246 31.36 –1.13
High-yield issues with the biggest price increases...
Bond Price as % of face value Stock Performance
Issuer Symbol Coupon (%) Maturity Current One-day change Last week Close ($) % chg
Pacific Gas And Electric PCG 3.250 Sept. 15, ’21 95.000 9.50 99.500 ... ...
CNX Resources CNX 7.250 March 14, ’27 80.750 4.25 81.000 8.57 –1.61
Kraton Polymers KRA 7.000 April 15, ’25 102.250 3.25 99.250 24.04 3.13
MallinckrodtInternationalFinanceS.A.MNK 4.875 April 15, ’20 62.250 2.88 59.750 ... ...
Mattel MAT 3.150 March 15, ’23 95.750 2.66 92.900 12.02 13.78
Nabors Ind NBR 5.750 Feb. 1, ’25 75.250 2.33 72.500 1.89 5.59
CNX MidstreamPartners CNXMPF 6.500 March 15, ’26 92.680 1.62 89.500 ... ...
Kosmos Energy KOS 7.125 April 4, ’26 105.937 1.21 n.a. 6.12 –1.92
...And with the biggest price decreases
PeabodyEnergy BTU
6.375 March 31, ’25 83.000 –9.00 95.000 11.84 –5.13
Anixter AXE 5.500 March 1, ’23 103.220 –4.66 n.a. 83.42 16.83
CaliforniaResources CRC 8.000 Dec. 15, ’22 36.250 –4.50 44.625 6.05 –17.24
Antero Res AR 5.625 June 1, ’23 73.702 –4.33 76.750 2.70 –4.93
Exela Intermediate EXLINT 10.000 July 15, ’23 46.250 –4.31 53.500 ... ...
Dean Foods DF 6.500 March 15, ’23 47.000 –4.25 53.750 1.04 –4.59
CHS/CommunityHealthSystemsCYH 8.125 June 30, ’24 77.000 –4.19 81.327 ... ...
Oasis Petroleum OAS 6.875 Jan. 15, ’23 86.688 –2.81 91.000 2.62 –5.42
Estimated spread over 2-year, 3-year, 5-year, 10-year or 30-year hot-run Treasury; 100 basis points=one percentage pt.; change in spread shown is for Z-spread.
Note: Data are for the most active issue of bonds with maturities of two years or more
Sources: MarketAxess Corporate BondTicker; Dow Jones Market Data
Broad Market Bloomberg Barclays
2115.87 8.3 U.S. Aggregate 2.3302.0603.660
U.S. Corporate Indexes Bloomberg Barclays
3101.46 13.2 U.S. Corporate 2.9302.7704.370
2865.08 9.2 Intermediate 2.5102.3604.060
4460.75 21.6 Long term 3.6903.4805.050
633.81 10.0 Double-A-rated 2.3702.1903.740
816.37 14.4 Triple-B-rated 3.2303.1104.720
High Yield Bonds ICE Data Services
457.08 12.0 High Yield Constrained5.7415.6818.107
422.50 5.7 Triple-C-rated 12.08110.55813.784
3122.97 11.6 High Yield 100 5.1965.1007.825
412.56 11.5 Global High Yield Constrained5.5085.4657.561
322.14 9.1 Europe High Yield Constrained3.1072.7494.869
U.S Agency Bloomberg Barclays
1763.31 5.8 U.S Agency 1.8901.7003.210
1554.16 4.2 10-20 years 1.7901.6203.110
3831.48 13.2 20-plus years 2.3502.0103.700
2703.14 10.2 Yankee 2.6902.4704.050
Bonds | WSJ.com/bonds
Tracking Bond Benchmarks

Return on investment and spreads over Treasurys and/or yields paid to investors compared with 52-week
highs and lows for different types of bonds
Total
return YTD total Yield (%)
close return (%) Index Latest Low High
*Constrained indexes limit individual issuer concentrations to 2%; the High Yield 100 are the 100 largest bonds † In local currency § Euro-zone bonds
EMBI Global Index Sources: ICE Data Services; Bloomberg Barclays; J.P.Morgan
Total
return YTD total Yield (%)
close return (%) Index Latest Low High
Mortgage-Backed Bloomberg Barclays
2131.39
5.7 Mortgage-Backed 2.5902.2003.810
2090.25
5.5 Ginnie Mae(GNMA)2.5202.0903.780
1254.19
5.8 Fannie mae(FNMA)2.6102.2503.820
1928.53
5.9 Freddie Mac(FHLMC)2.6202.2303.840
561.22
6.2 Muni Master 1.7201.4592.908
395.12
6.7 7-12 year 1.6951.3862.941
448.67
7.9 12-22 year 2.0191.7413.317
436.76
8.9 22-plus year 2.4742.1853.758
Global Government J.P. Morgan†
587.11
6.8 Global Government 0.9500.6901.850
809.54
4.6 Canada 1.5901.2602.510
405.67
8.4 EMU§ 0.3760.1091.420
769.12
7.0 France 0.170-0.1600.930
542.32
4.5 Germany -0.220-0.5900.490
299.52
2.6 Japan 0.140-0.0700.490
603.03
5.2 Netherlands -0.110-0.4900.610
1019.86
8.9 U.K. 1.0200.7301.790
863.37
12.0 Emerging Markets 5.2355.1157.372
Macro & Market Economics
Weekly Demand,
000s barrels per day
Expected Previous Year 4-week 5-year
Current change week ago avg avg
Total petroleum
product
21,597 ... 21,164 20,997 21,268 20,132
Finished
motor gasoline
9,784 ... 9,590 9,262 9,547 9,194
Kerosene-type
jet fuel
1,830 ... 2,088 1,677 1,825 1,648
Distillates 4,263 ... 4,076 4,426 4,185 4,111
Residualfuel oil 285 ... 314 335 332 236
Propane/propylene 1,001 ... 1,277 1,382 1,105 ...
Other oils 4,434 ... 3,818 3,916 4,274 ...
Natural gas storage
Billions of cubic feet; weekly totals
250
1250
2250
3250
4250
2018
N D J
2019
F MA M J J A S O
t
Natural gas,
lower48states
t
Five-year average
for each week
Note: Expected changes are provided by Dow Jones Newswires' survey of analysts. Previous and average inventory data are in millions.
Sources: FactSet; Dow Jones Market Data; U.S. Energy Information Administration; Dow Jones Newswires
Watching the Gauges: U.S. Supply and Demand
Inventories, imports and demand for the week ended October 25. Current figures are in thousands of barrels or
thousands of gallons per day, except natural-gas figures, which are in billions of cubic feet. Natural-gas import
and demand data are available monthly only.
Inventories, 000s barrels Imports, 000s barrels per day
Expected Previous Year 4-week 5-year Expected Previous Year 4-week 5-year
Current change week ago avg avg Current change week ago avg avg
Crude oil and
petroleumprod
1,275,562 ... 1,278 1,249 1,282 1,257 9,201 ... 7,998 9,043 8,498 9,632
Crude oil
excludingSPR
438,853 800 433 426 433 452 6,697 ... 5,857 7,344 6,268 7,732
Gasoline 220,057 ... 223 226 225 216 673 ... 697 363 666 496
Finished gasoline 22,048 -2,100 23 24 23 25 145 ... 93 54 126 57
Reformulated 53 ... 0 0 0 0 0 ... 0 0 0 0
Conventional 21,995 ... 23 24 23 25 145 ... 93 54 126 57
Blend. components 198,010 ... 200 202 202 190 528 ... 604 309 541 439
Natural gas (bcf) 3,606 ... 4 3 3 4 ... ... ... ... ... ...
Kerosene-type
jet fuel
39,662 ... 40 43 42 39 210 ... 272 100 198 147
Distillates 119,754 -2,400 121 126 123 130 158 ... 133 141 145 134
Heating oil 11,366 ... 11 10 11 14 1 ... 2 3 7 57
Diesel 108,389 ... 110 116 112 116 157 ... 131 138 139 61
Residualfuel oil 28,305 ... 28 29 29 37 156 ... 62 232 95 214
Other oils 307,983 ... 311 293 310 275 1,135 ... 843 679 998 783
Net crude, petroleum
products,incl. SPR
1,917,214 ... 1,920 1,904 1,925 1,938 773 ... -621 1,204 23 4,314
iShMSCI EAFE EFA 67.58 0.42 15.0
iShMSCI EAFE SC SCZ 59.74 0.37 15.3
iShMSCIEmgMarkets EEM 42.92 0.44 9.9
iShMSCIJapan EWJ 58.67 0.27 15.7
iShNatlMuniBd MUB 113.86 0.16 4.4
iShPfd&Incm PFF 37.56 0.16 9.7
iShRussell1000Gwth IWF 164.50 0.54 25.7
iShRussell1000 IWB 168.57 0.33 21.5
iShRussell1000Val IWD 130.63 0.06 17.6
iShRussell2000Gwth IWO 199.52 –0.09 18.8
iShRussell2000 IWM 156.33 –0.33 16.8
iShRussell2000Val IWN 123.12 –0.56 14.5
iShRussell3000 IWV 178.06 0.24 21.2
iShRussellMid-Cap IWR 56.90 0.07 22.4
iShRussellMCValue IWS 90.72 –0.02 18.8
iShS&P500Growth IVW 183.72 0.56 21.9
iShS&P500Value IVE 122.65 0.10 21.3
iShShortCpBd IGSB 53.69 0.07 4.0
iShShortTreaBd SHV 110.67 0.01 0.3
iShTIPSBondETF TIP 115.70 0.37 5.7
iSh1-3YTreasuryBd SHY 84.80 0.06 1.4
iSh7-10YTreasuryBd IEF 111.80 0.49 7.3
iSh20+YTreasuryBd TLT 139.36 1.46 14.7
iShRussellMCGrowth IWP 144.99 0.34 27.5
iShUSTreasuryBdETF GOVT 26.14 0.42 6.0
JPM UltShtIncm JPST 50.54 0.02 0.8
PIMCOEnhShMaturity MINT 101.76 ... 0.8
SPDR BlmBarcHYBd JNK 108.56 –0.13 7.7
SPDRBloomBar1-3MTB BIL 91.59 0.01 0.1
SPDR Gold GLD 141.02 0.55 16.3
SchwabIntEquity SCHF 32.97 0.40 16.3
SchwabUS BrdMkt SCHB 72.79 0.30 21.5
SchwabUS Div SCHD 55.88 0.16 19.0
Closing Chg YTD
ETF Symbol Price (%) (%)

CnsmrDiscSelSector XLY 121.50 0.62 22.7
CnsStapleSelSector XLP 61.25 0.46 20.6
EnSelectSectorSPDR XLE 58.21 –2.04 1.5
FinSelSectorSPDR XLF 28.84 –0.07 21.1
HealthCareSelSect XLV 94.86 0.56 9.7
IndSelSectorSPDR XLI 79.36 0.35 23.2
InvscQQQI QQQ 196.99 0.48 27.7
InvscS&P500EW RSP 109.98 0.01 20.3
InvscS&P500LowVol SPLV 57.61 0.73 23.5
iSh3-7YTreasuryBd IEI 126.44 0.25 4.2
iShCoreDivGrowth DGRO 40.06 0.18 20.7
iShCoreMSCIEAFE IEFA 63.42 0.43 15.3
iShCoreMSCIEmgMk IEMG 51.55 0.45 9.3
iShCoreMSCITotInt IXUS 59.78 0.30 13.8
iShCoreS&P500 IVV 305.87 0.31 21.6
iShCoreS&P MC IJH 196.83 –0.24 18.5
iShCoreS&P SC IJR 80.21 –0.53 15.7
iShS&PTotlUSStkMkt ITOT 68.76 0.22 21.1
iShCoreUSAggBd AGG 112.71 0.28 5.8
iShSelectDividend DVY 102.84 –0.11 15.1
iShEdgeMSCIMinEAFE EFAV 75.08 0.72 12.6
iShEdgeMSCIMinUSA USMV 64.06 0.55 22.3
iShEdgeMSCIUSAMom MTUM 120.52 0.72 20.2
iShEdgeMSCIUSAQual QUAL 94.81 0.16 23.5
iShFloatingRateBd FLOT 51.00 ... 1.3
iShGoldTr IAU 14.32 0.70 16.5
iShiBoxx$InvGrCpBd LQD 126.94 0.36 12.5
iShiBoxx$HYCpBd HYG 87.11 –0.13 7.4
iShJPMUSDEmgBd EMB 113.09 0.11 8.8
iShMBSETF MBB 108.23 0.16 3.4
iShMSCI ACWI ACWI 75.95 0.24 18.4
Closing Chg YTD
ETF Symbol Price (%) (%)
Wednesday, October 30, 2019
SPDR DJIA TrSchwabUS LC SCHXDIA 271.7472.69 0.360.32 16.521.8
SPDR S&PMdCpTr MDY 358.79 –0.29 18.5
SPDR S&P 500 SPY 304.14 0.31 21.7
SPDR S&P Div SDY 105.08 0.11 17.4
TechSelectSector XLK 83.72 0.61 35.1
UtilitiesSelSector XLU 63.90 0.88 20.7
VanEckGoldMiner GDX 27.45 0.88 30.2
VangdInfoTech VGT 223.90 0.67 34.2
VangdSC Val VBR 132.04 –0.27 15.8
VangdSC Grwth VBK 186.19 0.17 23.6
VangdDivApp VIG 120.28 0.43 22.8
VangdFTSEDevMk VEA 42.50 0.40 14.6
VangdFTSE EM VWO 42.18 0.38 10.7
VangdFTSE Europe VGK 55.84 0.54 14.8
VangdFTSEAWxUS VEU 51.77 0.31 13.6
VangdGrowth VUG 170.89 0.56 27.2
VangdHlthCr VHT 176.13 0.48 9.7
VangdHiDiv VYM 89.92 0.11 15.3
VangdIntermBd BIV 87.67 0.32 7.8
VangdIntrCorpBd VCIT 91.16 0.26 10.0
VangdLC VV 139.69 0.30 21.6
VangdMC VO 170.43 0.11 23.3
VangdMC Val VOE 114.20 ... 19.9
VangdMBS VMBS 53.24 0.11 3.4
VangdRealEst VNQ 94.47 0.36 26.7
VangdS&P500ETF VOO 279.45 0.35 21.6
VangdST Bond BSV 80.79 0.14 2.8
VangdSTCpBd VCSH 81.08 0.07 4.0
VangdSC VB 157.54 –0.16 19.4
VangdTotalBd BND 84.11 0.32 6.2
VangdTotIntlBd BNDX 58.28 0.21 7.4
VangdTotIntlStk VXUS 53.60 0.37 13.5
VangdTotalStk VTI 154.72 0.24 21.2
VangdTotlWrld VT 77.14 0.31 17.8
VangdValue VTV 114.20 0.19 16.6
Closing Chg YTD
ETF Symbol Price (%) (%)
Exchange-Traded Portfolios
| WSJ.com/ETFresearch
Largest 100 exchange-traded funds, latest session

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