The Wall Street Journal - 12.03.2020

(Nora) #1

B8| Thursday, March 12, 2020 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.
March 2.5500 2.5500 2.5000 2.5120–0.0220 2,861
May 2.5410 2.5420 2.4925 2.5020–0.0195 128,470
Gold(CMX)-100 troy oz.; $ per troy oz.
March 1656.60 1666.50 1642.50 1641.40–17.70 104
April 1649.30 1671.80 1636.90 1642.30–18.00 362,081
June 1652.40 1674.70 1640.00 1645.40–17.90 163,242
Aug 1659.30 1677.00 1643.00 1647.80–18.00 41,868
Dec 1657.90 1677.60 1648.70 1650.80–18.20 35,572
Feb'21 1668.30 1670.70 1650.00 1652.50–18.30 11,922
Palladium(NYM)- 50 troy oz.; $ per troy oz.
March 2350.00 2350.00 2350.00 2259.40–88.10 22
April 2364.70 2465.50 2399.60 2345.90–75.90 1
June 2338.40 2339.90 2210.30 2229.30–88.10 10,517
Sept 2312.90 2312.90 2199.90 2217.30–87.00 1,238
Platinum(NYM)-50 troy oz.; $ per troy oz.
March ... ... ... 867.30 –1.20 2
April 872.00 886.60 862.90 868.20 –1.20 49,296
Silver(CMX)-5,000 troy oz.; $ per troy oz.
March 16.855 16.860 16.640 16.729–0.177 563
May 16.875 17.110 16.660 16.776–0.179 128,603
Crude Oil, Light Sweet(NYM)-1,000 bbls.; $ per bbl.
April 34.62 36.35 32.56 32.98 –1.38 300,025
May 35.00 36.70 32.97 33.39 –1.34 363,108
June 35.38 37.15 33.49 33.86 –1.28 267,409
July 35.80 37.33 34.05 34.39 –1.19 150,520
Sept 36.64 38.27 35.18 35.56 –1.00 112,744
Dec 38.30 40.05 36.80 37.32 –0.76 235,113
NY Harbor ULSD(NYM)-42,000 gal.; $ per gal.
April 1.2590 1.3023 1.2213 1.2380–.0119 91,024
May 1.2588 1.3026 1.2222 1.2417–.0098 76,071
Gasoline-NY RBOB(NYM)-42,000 gal.; $ per gal.
April 1.1655 1.2072 1.0967 1.1103–.0468 96,173
May 1.1730 1.2094 1.1059 1.1209–.0393 85,141
Natural Gas(NYM)-10,000 MMBtu.; $ per MMBtu.
April 1.938 1.998 1.860 1.878 –.058 300,396
May 1.979 2.044 1.906 1.921 –.064 294,780
June 2.047 2.108 1.982 1.995 –.060 86,893
July 2.127 2.193 2.076 2.089 –.057 112,801
Sept 2.179 2.236 2.126 2.135 –.059 114,864
Oct 2.222 2.278 2.168 2.177 –.060 116,913


Agriculture Futures
Corn(CBT)-5,000 bu.; cents per bu.
March 380.25 380.50 377.00 379.25 –.75 929
May 377.25 377.50 372.25 374.50 –3.00 574,128
Oats(CBT)-5,000 bu.; cents per bu.
March 263.25 264.25 263.25 268.00 –.50 7
May 277.25 279.00 272.25 274.50 –.50 2,984
Soybeans(CBT)-5,000 bu.; cents per bu.
March 876.25 878.50 868.50 867.75 –5.25 142
May 876.00 883.75 872.00 873.25 –3.00 326,145
Soybean Meal(CBT)-100 tons; $ per ton.
March 297.20 299.20 296.40 295.90 ... 156
May 301.90 305.40 300.90 301.60 –.30 196,247
Soybean Oil(CBT)-60,000 lbs.; cents per lb.
March 27.83 27.51 27.40 27.30 –.14 88
May 27.72 28.04 27.51 27.53 –.14 178,952
Rough Rice(CBT)-2,000 cwt.; $ per cwt.
March 1301.50 1302.00 1301.50 1297.50 13.00 81
May 1289.00 1310.00 1285.50 1298.00 13.00 9,136
Wheat(CBT)-5,000 bu.; cents per bu.
March 527.25 527.50 520.50 517.25 –9.50 85
May 521.75 524.75 511.75 512.75 –9.50 192,702
Wheat(KC)-5,000 bu.; cents per bu.
March 468.75 470.75 437.25 434.00 –9.25 17
May 443.00 447.50 434.25 435.50 –9.25 132,626
Cattle-Feeder(CME)-50,000 lbs.; cents per lb.
March 127.500 128.000 t123.250 123.325–4.425 3,221
May 129.300 129.500 t125.250 125.250–4.500 15,667
Cattle-Live(CME)-40,000 lbs.; cents per lb.
April 105.225 106.850 102.800 103.075–2.375 88,388
June 99.400 100.350 t 97.000 97.250–2.275 119,340
Hogs-Lean(CME)-40,000 lbs.; cents per lb.
April 65.550 66.000 63.800 63.875–1.125 71,111
June 79.550 80.250 78.550 78.800 –.500 76,712
Lumber(CME)-110,000 bd. ft., $ per 1,000 bd. ft.
March 373.40 382.70 371.00 373.50 –5.30 52
May 355.00 360.70 t 349.00 349.00–15.80 2,044
Milk(CME)-200,000 lbs., cents per lb.
March 16.31 16.34 16.27 16.32 –.01 2,901
April 15.87 15.94 15.78 15.83 –.02 2,862
Cocoa(ICE-US)-10 metric tons; $ per ton.
March 2,800 2,800 2,786 2,766 48 5
May 2,605 2,644 2,581 2,625 48 104,931
Coffee(ICE-US)-37,500 lbs.; cents per lb.
March 111.55 111.55 111.55 111.55 –2.70 493
May 114.35 116.05 111.40 112.05 –2.30 96,301


COMMODITIES


Futures Contracts Open High hiloContractLow Settle Chg interestOpen


Sugar-World(ICE-US)-112,000 lbs.; cents per lb.
May 12.59 12.66 12.23 12.26 –.33 385,105
July 12.58 12.59 t 12.23 12.25 –.28 275,265
Sugar-Domestic(ICE-US)-112,000 lbs.; cents per lb.
May 27.40 27.40 27.30 27.32 .02 1,970
July 27.50 27.50 27.50 27.42 .02 2,442
Cotton(ICE-US)-50,000 lbs.; cents per lb.
May 61.41 61.94 61.31 61.55 .14 103,885
Dec 62.60 62.80 62.18 62.43 .15 48,070
Orange Juice(ICE-US)-15,000 lbs.; cents per lb.
March 104.20 104.20 104.20 104.20 1.55 125
May 95.75 98.00 95.50 97.90 1.70 13,880
Interest Rate Futures
Ultra Treasury Bonds(CBT)- $100,000; pts 32nds of 100%
March 220-020 221-120 215-050 219-030 –31.0 4,113
June 220-240 225-250 215-120 220-120 –31.01,135,651
Treasury Bonds(CBT)-$100,000; pts 32nds of 100%
March 182-000 182-280 179-300 181-230 25.0 9,819
June 178-270 182-190 178-170 180-170 30.01,218,496
Treasury Notes(CBT)-$100,000; pts 32nds of 100%
March 137-200 138-120 136-105 137-045 –13.0 25,580
June 137-100 138-190 137-005 137-125 –7.53,739,511
5 Yr. Treasury Notes(CBT)-$100,000; pts 32nds of 100%
March 123-267 123-302 123-085 123-147 –5.5 45,939
June 124-005 124-242 123-315 124-100 .54,396,020
2 Yr. Treasury Notes(CBT)-$200,000; pts 32nds of 100%
March 109-261 109-269 109-196 109-245 1.2 59,870
June 109-267 110-066 109-264 110-018 4.13,272,462
30 Day Federal Funds(CBT)-$5,000,000; 100 - daily avg.
March 99.1450 99.2925 99.1450 99.2600 .0925 263,713
April 99.5650 99.7600 99.5650 99.7050 .1150 359,004
10 Yr. Del. Int. Rate Swaps(CBT)-$100,000; pts 32nds of 100%
March 112-070 112-220 110-305 111-195 –9.5 92,184
June 105-065 105-120 103-200 104-090 –9.5 19,161
Eurodollar(CME)-$1,000,000; pts of 100%
March 99.1775 99.2925 99.1775 99.2575 .04501,498,746
June 99.4900 99.6200s 99.4850 99.5750 .05001,685,450
Sept 99.5150 99.6550s 99.5050 99.6100 .05501,400,277
Dec 99.4800 99.6200s 99.4750 99.5700 .04501,207,592
Currency Futures
Japanese Yen(CME)-¥12,500,000; $ per 100¥
March .9504 .9609 .9490 .9566 .0047 117,071
June .9531 .9640 .9519 .9596 .0046 39,653
Canadian Dollar(CME)-CAD 100,000; $ per CAD
March .7287 .7309 .7249 .7262–.0016 122,834
June .7278 .7306 t .7247 .7261–.0015 46,189
British Pound(CME)-£62,500; $ per £
March 1.2894 1.2979 1.2806 1.2842–.0074 134,760
June 1.2890 1.2989 1.2818 1.2853–.0071 74,630
Swiss Franc(CME)-CHF 125,000; $ per CHF
March 1.0646 1.0728 1.0640 1.0661 ... 39,089
June 1.0671 1.0772 1.0671 1.0708 .0001 11,278
Australian Dollar(CME)-AUD 100,000; $ per AUD
March .6497 .6541 .6483 .6497 .0007 168,506
June .6505 .6537 .6479 .6492 .0004 40,187
Mexican Peso(CME)-MXN 500,000; $ per MXN
March .04806 .04811 .04647 .04676–.00120 153,103
June .04748 .04749 .04576 .04606–.00120 70,488
Euro(CME)-€125,000; $ per €
March 1.1294 1.1370 1.1261 1.1284–.0016 473,158
June 1.1332 1.1408 1.1300 1.1324–.0016 177,084
Index Futures
Mini DJ Industrial Average(CBT)-$5 x index
March 24838 24890 t 23300 23575 –1274 79,965
June 24716 24725 t 23173 23441 –1283 5,436
S&P 500 Index(CME)-$250 x index
March 2866.40 2868.70 2704.00 2740.30–125.50 95,458
June 2786.00 2792.50 t2731.00 2728.90–125.40 193
Mini S&P 500(CME)-$50 x index
March 2859.50 2869.50 2702.75 2740.30–125.503,133,378
June 2849.75 2858.00 2691.25 2728.90–125.40 299,064
Mini S&P Midcap 400(CME)-$100 x index
March 1682.80 1687.40 t1559.60 1576.90–115.00 76,123
June 1647.20 1674.80 t1568.20 1570.40–112.50 264
Mini Nasdaq 100(CME)-$20 x index
March 8317.00 8334.25 7892.75 8003.50–328.00 200,427
June 8300.00 8325.50 7883.75 7992.00–328.25 19,556
Mini Russell 2000(CME)-$50 x index
March 1337.50 1340.70 t1244.70 1262.70–77.20 492,389
June 1333.50 1335.10 t1240.90 1258.70–76.70 10,343
Mini Russell 1000(CME)-$50 x index
March 1541.50 1583.60 t1489.40 1507.60–78.10 8,754
U.S. Dollar Index(ICE-US)-$1,000 x index
March 96.29 96.61 95.90 96.49 .10 34,685
June 96.21 96.54 95.81 96.44 .16 9,822

Source: FactSet

WSJ.com/commodities

Cash Prices Wednesday, March 11, 2020
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 59.150
Coal,PwdrRvrBsn,8800Btu,0.8SO2-r,w 11.650
Metals
Gold, per troy oz
Engelhard industrial 1666.00
Engelhard fabricated n.a.
Handy & Harman base 1653.75
Handy & Harman fabricated 1835.66
LBMA Gold Price AM *1657.40
LBMA Gold Price PM *1655.70
Krugerrand,wholesale-e n.a.
Maple Leaf-e n.a.
American Eagle-e n.a.
Mexican peso-e n.a.
Austria crown-e n.a.
Austria phil-e n.a.
Silver, troy oz.
Engelhard industrial 16.9900
Engelhard fabricated n.a.
Handy & Harman base 16.8880
Handy & Harman fabricated 21.1100
LBMA spot price *£13.0900
(U.S.$ equivalent) *17.0700
Coins,wholesale $1,000 face-a 12292
Other metals
LBMA Platinum Price PM *869.0
Platinum,Engelhard industrial 883.0

Wednesday
Platinum,Engelhard fabricated n.a.
Palladium,Engelhard industrial 2400.0
Palladium,Engelhard fabricated n.a.
Aluminum, LME, $ per metric ton *1689.0
Copper,Comex spot 2.5120
Iron Ore, 62% Fe CFR China-s 89.4
Shredded Scrap, US Midwest-s,m 280
Steel, HRC USA, FOB Midwest Mill-s 585
Fibers and Textiles
Burlap,10-oz,40-inch NY yd-n,w 0.5650
Cotton,1 1/16 std lw-mdMphs-u 0.5780
Cotlook 'A' Index-t *70.70
Hides,hvy native steers piece fob-u n.a.
Wool,64s,staple,Terr del-u,w n.a.
Grains and Feeds
Barley,top-quality Mnpls-u n.a.
Bran,wheat middlings, KC-u 87
Corn,No. 2 yellow,Cent IL-bp,u 3.7250
Corn gluten feed,Midwest-u,w 108.5
Corn gluten meal,Midwest-u,w 465.3
Cottonseed meal-u,w 250
Hominy feed,Cent IL-u,w 98
Meat-bonemeal,50% pro Mnpls-u,w 210
Oats,No.2 milling,Mnpls-u 3.3700
Rice, Long Grain Milled, No. 2 AR-u,w 25.88
Sorghum,(Milo) No.2 Gulf-u 7.6513
SoybeanMeal,Cent IL,rail,ton48%-u 303.10
Soybeans,No.1 yllw IL-bp,u 8.6050
Wheat,Spring14%-pro Mnpls-u 6.4950

Wednesday
Wheat,No.2 soft red,St.Louis-bp,u 5.4500
Wheat - Hard - KC (USDA) $ per bu-u 4.4050
Wheat,No.1soft white,Portld,OR-u 6.0000
Food
Beef,carcass equiv. index
choice 1-3,600-900 lbs.-u 182.87
select 1-3,600-900 lbs.-u 174.14
Broilers, National comp wtd. avg.-u,w 0.7658
Butter,AA Chicago 1.8175
Cheddar cheese,bbl,Chicago 145.50
Cheddar cheese,blk,Chicago 176.00
Milk,Nonfat dry,Chicago lb. 106.75
Coffee,Brazilian,Comp 1.1193
Coffee,Colombian, NY 1.5795
Eggs,large white,Chicago-u 0.9350
Flour,hard winter KC 13.90
Hams,17-20 lbs,Mid-US fob-u 0.57
Hogs,Iowa-So. Minnesota-u 59.16
Pork bellies,12-14 lb MidUS-u 0.8632
Pork loins,13-19 lb MidUS-u 1.0437
Steers,Tex.-Okla. Choice-u n.a.
Steers,feeder,Okla. City-u,w 159.06

Fats and Oils
Corn oil,crude wet/dry mill wtd. avg.-u,w36.0000
Grease,choice white,Chicago-h 0.2800
Lard,Chicago-u n.a.
Soybean oil,crude;Centl IL-u 0.2753
Tallow,bleach;Chicago-h 0.3400
Tallow,edible,Chicago-u 0.3550

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 3/10
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

1.125 U.S. (^2) 0.526t l 0.542 1.432 2.475
1.500 10 0.831s l 0.809 1.606 2.642
2.000 Australia 2 0.423t l 0.500 0.751 1.668 -10.3 -4.2 -80.7
2.500 10 0.682t l 0.796 1.028 2.040 -14.8 -1.3 -60.2
0.000 France 2 -0.798t l -0.759 -0.586 -0.472 -132.3 -130.1 -294.8
0.000 10 -0.317s l -0.319 -0.142 0.409 -114.8 -112.8 -223.3
0.000 Germany 2 -0.949s l -0.960 -0.641 -0.547 -147.5 -150.2 -302.2
0.000 (^10) -0.742s l -0.793 -0.388 0.071-157.2 -160.2 -257.1
1.200 Italy 2 0.224t l 0.386 -0.201 0.429 -30.2 -15.6 -204.7
1.350 10 1.170t l 1.372 0.975 2.563 33.9 56.3 -7.9
0.100 Japan 2 -0.223s l -0.231 -0.156 -0.146 -74.8 -77.3 -262.1
0.100 10 -0.063t l -0.041 -0.056 -0.036 -89.3 -85.1 -267.8
0.050 Spain 2 -0.391t l -0.353 -0.413 -0.237 -91.6 -89.5 -271.2
0.500 10 0.242t l 0.330 0.276 1.044 -58.9 -47.9 -159.8
0.500 U.K. 2 0.159s l 0.147 0.506 0.753 -36.7 -39.5 -172.2
4.750 10 0.294s l 0.239 0.590 1.184 -53.7 -57.1 -145.8
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 ($) % chg
Citigroup C 5.875 March 27, ’49 455 –561 418 50.79 –8.62
Valero Energy VLO 3.650 March 15, ’25 280 –143 118 54.42 –9.98
Occidental Petroleum OXY 2.600 April 15, ’22 909 –91 n.a. 11.80 –17.71
Fifth Third Bancorp FITB 2.375 Jan. 28, ’25 165 –82 n.a. 17.66 –8.31
Williams WMB 4.550 June 24, ’24 393 –79 123 16.02 –1.66
Apache APA 4.750 April 15, ’43 652 –67 328 8.25 –23.54
Kinder Morgan KMI 5.550 June 1, ’45 386 –60 250 15.50 –3.37
Enbridge ENBCN 2.500 Jan. 15, ’25 301 –59 n.a. ... ...
...And spreads that widened the most
Enable Midstream Partners ENBL 5.000 May 15, ’44 706 176 430 5.12 8.25
Boeing BA 2.700 May 1, ’22 n.a. 167 55 189.08 –18.15
Occidental Petroleum OXY 2.700 Aug. 15, ’22 890 122 n.a. 11.80 –17.71
Suncor Energy SUCN 6.500 June 15, ’38 389 114 n.a. ... ...
Williams WMB 3.750 June 15, ’27 335 103 162 16.02 –1.66
Fortune Brands Home & SecurityFBHS 4.000 Sept. 21, ’23 178 95 64 54.94 –7.45
Marathon Oil MRO 4.400 July 15, ’27 662 90 195 4.09 –7.05
Penske Truck Leasing PENSKE 2.700 March 14, ’23 227 85 n.a. ... ...
High-yield issues with the biggest price increases...
Bond Price as % of face value Stock Performance
Issuer Symbol Coupon (%) Maturity Current One-day change Last week Close ($) % chg
Frontier Communications FTR 8.500 April 15, ’20 40.125 4.70 n.a. 0.31 –12.75
Vine Oil & Gas VRI 8.750 April 15, ’23 30.000 4.00 n.a. ... ...
SM Energy
SM 6.125 Nov. 15, ’22 49.095 3.60 92.500 1.69 –5.06
Consolidated CommunicationsCNSL 6.500 Oct. 1, ’22 94.000 3.00 97.300 5.99 –1.64
Transocean Guardian RIG 5.875 Jan. 15, ’24 87.000 3.00 100.500 ... ...
Endeavor Energy Resources ENDENR 5.750 Jan. 30, ’28 84.330 2.38 101.250 ... ...
Chemours CC 7.000 May 15, ’25 90.000 2.00 96.500 10.66 –7.63
Gulfport Energy GPOR 6.375 Jan. 15, ’26 27.812 1.81 37.250 0.39 –23.63
...And with the biggest price decreases
Callon Petroleum CRZO 6.250 April 15, ’23 30.000 –17.00 86.750 ... ...
APTIM CSVCAC 7.750 June 15, ’25 45.000 –11.99 n.a. ... ...
Centennial Resource ProductionCENREP 5.375 Jan. 15, ’26 48.000 –11.94 87.500 ... ...
Ascent Resources Utica HoldingsASCRES 10.000 April 1, ’22 58.000 –11.00 86.000 ... ...
Oasis Petroleum OAS 6.875 March 15, ’22 30.000 –9.50 82.000 0.39 –4.51
Scientific Games InternationalSGMS 7.250 Nov. 15, ’29 72.500 –8.50 99.250 ... ...
Matador Resources MTDR 5.875 Sept. 15, ’26 51.750 –8.25 92.500 1.98 –17.84
Targa Resources Partners NGLS 5.000 Jan. 15, ’28 78.000 –8.00 99.740 ... ...
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 MarketBloomberg Barclays
2211.17 3.9 U.S. Aggregate 1.6201.3203.140
U.S. Corporate IndexesBloomberg Barclays
3181.18 1.3 U.S. Corporate 2.7502.2203.850
2912.03 0.7 Intermediate 2.3401.7603.460
4650.68 2.3 Long term 3.4702.9504.650
660.73 3.2 Double-A-rated 2.0401.6703.200
828.09 -0.3 Triple-B-rated 3.2002.5704.200
High Yield BondsICE BofA
437.33 -6.4 High Yield Constrained7.4535.1517.453
388.43-11.3 Triple-C-rated 14.02510.55814.025
2953.87 -7.5 High Yield 100 6.8484.5166.848
397.89 -5.6 Global High Yield Constrained7.0284.8937.028
307.80 -6.3 Europe High Yield Constrained4.6982.4644.698
U.S AgencyBloomberg Barclays
1843.02 4.2 U.S Agency 0.9200.7302.680
1602.08 2.6 10-20 years 0.8000.6402.570
4275.90 12.1 20-plus years 1.4801.1703.210
2767.00 1.4 Yankee 2.3101.9203.520
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-BackedBloomberg Barclays
2180.63 1.6 Mortgage-Backed 1.7501.4503.280
2124.14 1.2 Ginnie Mae(GNMA)1.7501.3403.230
1287.98 1.8 Fannie mae(FNMA)1.7501.5003.300
1978.13 1.7 Freddie Mac(FHLMC)1.7501.4803.300
574.46 1.5 Muni Master 1.3560.9592.322
405.02 1.5 7-12 year 1.3440.9242.251
461.90 2.0 12-22 year 1.6431.2242.766
449.37 2.0 22-plus year 2.1931.7653.247
Global GovernmentJ.P. Morgan†
n.a. n.a. Global Government n.a.n.a.n.a.
n.a. n.a. Canada n.a.n.a.n.a.
n.a. n.a. EMU§ n.a.n.a.n.a.
n.a. n.a. France n.a.n.a.n.a.
n.a. n.a. Germany n.a.n.a.n.a.
n.a. n.a. Japan n.a.n.a.n.a.
n.a. n.a. Netherlands n.a.n.a.n.a.
n.a. n.a. U.K. n.a.n.a.n.a.
850.60 -3.5 Emerging Markets
5.3634.5236.388
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 21,860 ... 21,272 20,808 20,652 19,970
Finished
motor gasoline 9,449 ... 9,186 9,140 9,147 9,307
Kerosene-type
jet fuel 1,565 ... 1,707 1,953 1,526 1,659
Distillates 4,398 ... 3,919 3,953 4,041 4,096
Residual fuel oil 117 ... 263 280 216 181
Propane/propylene 1,461 ... 1,791 1,299 1,525 ...
Other oils 4,870 ... 4,406 4,183 4,197 ...
Natural gas storage
Billions of cubic feet; weekly totals
250
1250
2250
3250
4250
M
2019
A M J J A SO N D J
2020
F
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 March 6. 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
petroleum prod 1,271,010 ... 1,279 1,234 1,283 1,262 8,711 ... 8,209 8,898 8,227 9,892
Crude oil
excluding SPR 451,783 1,900 444 449 446 483 6,412 ... 6,238 6,746 6,354 7,867
Gasoline 246,999 ... 252 246 254 238 710 ... 511 573 512 608
Finished gasoline 25,239 -2,100 26 23 26 25 136 ... 133 109 110 35
Reformulated 53 ... 0 0 0 0 0 ... 0 0 0 0
Conventional 25,186 ... 26 23 26 25 136 ... 133 109 110 35
Blend. components 221,760 ... 226 223 227 213 575 ... 379 465 403 573
Natural gas (bcf) 2,091 ... 2 1 2 2 ... ... ... ... ... ...
Kerosene-type
jet fuel 42,414 ... 42 41 43 41 178 ... 184 300 122 119
Distillates 128,060 -1,800 134 136 135 140 308 ... 125 238 184 158
Heating oil 8,663 ... 10 11 9 12 0 ... 2 1 1 31
Diesel 119,397 ... 125 125 126 129 308 ... 123 237 183 102
Residual fuel oil 31,470 ... 31 28 31 38 121 ... 242 165 184 194
Other oils 278,923 ... 280 260 279 249 835 ... 786 687 736 805
Net crude, petroleum
products, incl. SPR 1,905,980 ... 1,914 1,884 1,918 1,940 -339 ... -1,522 1,113 -1,091 3,702
iShMSCI ACWI ACWI 66.25 –5.17–16.4
iShMSCI EAFE EFA 56.05 –5.10–19.3
iShMSCI EAFE SC SCZ 48.81 –5.37–21.6
iShMSCIEmgMarketsEEM 37.46 –4.66–16.5
iShMSCIJapan EWJ 49.67 –3.38–16.2
iShNatlMuniBd MUB114.60 –1.50 0.6
iShPfd&Incm PFF 34.79 –1.67 –7.4
iShRussell1000Gwth IWF 158.09 –4.67–10.1
iShRussell1000 IWB 151.41 –5.08–15.1
iShRussell1000Val IWD 108.64 –5.37–20.4
iShRussell2000 IWM125.88 –6.36–24.0
iShRussell3000 IWV 158.74 –5.20–15.8
iShRussellMid-Cap IWR 48.20 –5.68–19.2
iShRussellMCValue IWS 73.54 –5.90–22.4
iShS&P500Growth IVW 172.37 –4.88–11.0
iShS&P500Value IVE 104.96 –5.17–19.3
iShShortCpBd IGSB 53.02 –1.30 –1.1
iShShortTreaBd SHV 110.90 0.02 0.4
iShTIPSBondETF TIP 113.94 –2.26 –2.3
iSh1-3YTreasuryBd SHY 86.19 –0.12 1.8
iSh7-10YTreasuryBd IEF 118.06 –1.00 7.1
iSh20+YTreasuryBd TLT 156.53 –3.68 15.5
iShRussellMCGrowthIWP 130.95 –5.29–14.2
iShUSTreasuryBdETFGOVT 27.62 –0.50 6.5
JPM UltShtIncm JPST 50.49 –0.10 0.1
PIMCOEnhShMaturityMINT101.21 –0.40 –0.4
SPDRBloomBar1-3MTBBIL 91.59 0.02 0.2
SPDR Gold GLD 153.93 –0.36 7.7
SchwabIntEquity SCHF 27.15 –5.00–19.3
SchwabUS BrdMkt SCHB 64.85 –5.05–15.6
SchwabUS Div SCHD 48.36 –4.60–16.5
SchwabUS LC SCHX 65.39 –5.01–14.9
SchwabUS LC Grw SCHG 83.68 –4.76 –9.9
Closing Chg YTD
ETF Symbol Price (%) (%)
CnsmrDiscSelSector XLY 107.17 –5.47–14.6
CnsStapleSelSector XLP 57.58 –4.91 –8.6
FinSelSectorSPDR XLF 22.84 –5.42–25.8
FT ValDivFd FVD 30.31 –4.87–15.9
HealthCareSelSect XLV 91.62 –3.82–10.1
IndSelSectorSPDR XLI 65.12 –5.87–20.1
InvscQQQI QQQ195.22 –4.36 –8.2
InvscS&P500EW RSP 93.12 –5.39–19.5
InvscS&P500LowVol SPLV52.24 –4.93–10.5
iSh3-7YTreasuryBd IEI 131.52 –0.24 4.6
iShCoreDivGrowth DGRO34.86 –5.01–17.1
iShCoreMSCIEAFE IEFA 52.43 –5.24–19.6
iShCoreMSCIEM IEMG44.90 –4.61–16.5
iShCoreMSCITotInt IXUS 50.19 –5.19–18.9
iShCoreS&P500 IVV 275.47 –4.86–14.8
iShCoreS&P MC IJH 158.41 –6.73–23.0
iShCoreS&P SC IJR 62.31 –5.99–25.7
iShS&PTotlUSStkMktITOT 61.20 –4.92–15.8
iShCoreUSAggBd AGG114.72 –1.43 2.1
iShSelectDividend DVY 82.67 –5.61–21.8
iShEdgeMSCIMinEAFEEFAV65.02 –3.67–12.8
iShEdgeMSCIMinUSAUSMV59.53 –4.35 –9.3
iShEdgeMSCIUSAMomMTUM115.06 –4.99 –8.4
iShEdgeMSCIUSAQualQUAL85.85 –4.92–15.0
iShFloatingRateBd FLOT49.50 –1.24 –2.8
iShGoldTr IAU 15.62 –0.38 7.7
iShiBoxx$InvGrCpBd LQD123.85 –3.29 –3.2
iShiBoxx$HYCpBd HYG 80.84 –2.18 –8.1
iShIntermCorpBd IGIB 56.82 –2.45 –2.0
iShJPMUSDEmgBd EMB102.34 –4.52–10.7
iShMBSETF MBB108.72 –0.76 0.6
Closing Chg YTD
ETF Symbol Price (%) (%)
Wednesday, March 11, 2020 SPDR DJIA TrSchwab US TIPs SCHPDIA 235.8455.58 –2.15–5.84–17.3–1.9
SPDR S&PMdCpTr MDY288.91 –6.60–23.0
SPDR S&P 500 SPY274.36 –4.87–14.8
SPDR S&P Div SDY 87.97 –5.12–18.2
TechSelectSector XLK 83.50 –4.72 –8.9
UtilitiesSelSector XLU 60.83 –5.03 –5.9
VanEckGoldMiner GDX 25.17 –8.44–14.0
VangdInfoTech VGT219.43 –4.81–10.4
VangdSC Val VBR101.49 –6.67–26.0
VangdSC Grwth VBK160.45 –6.15–19.3
VangdDivApp VIG 109.01 –4.97–12.6
VangdFTSEDevMk VEA 35.33 –5.21–19.8
VangdFTSE EM VWO37.30 –4.33–16.1
VangdFTSE Europe VGK 46.33 –5.74–20.9
VangdFTSEAWxUS VEU 43.72 –4.94–18.7
VangdGrowth VUG164.38 –4.75 –9.8
VangdHlthCr VHT170.83 –4.16–10.9
VangdHiDiv VYM 75.66 –4.85–19.3
VangdIntermBd BIV 89.67 –1.23 2.8
VangdIntrCorpBd VCIT 89.50 –2.53 –2.0
VangdLC VV 126.16 –5.04–14.7
VangdMC VO 144.90 –5.46–18.7
VangdMC Val VOE 91.71 –6.06–23.1
VangdMBS VMBS53.63 –0.54 0.9
VangdRealEst VNQ 81.34 –6.01–12.3
VangdS&P500ETF VOO250.73 –4.96–15.2
VangdST Bond BSV 81.79 –0.35 1.5
VangdSTCpBd VCSH80.21 –1.10 –1.0
VangdSC VB 127.56 –6.43–23.0
VangdTotalBd BND 84.95 –1.89 1.3
VangdTotIntlBd BNDX58.05 0.40 2.6
VangdTotIntlStk VXUS45.14 –4.97–18.9
VangdTotalStk VTI 138.01 –5.06–15.7
VangdTotlWrld VT 67.27 –4.95–16.9
VangdValue VTV 96.81 –5.06–19.2
Closing Chg YTD
ETF Symbol Price (%) (%)
Exchange-Traded Portfolios|WSJ.com/ETFresearch
Largest 100 exchange-traded funds, latest session

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