THE WALL STREET JOURNAL. Monday, December 7, 2020 |B7
New to the Market IPO Scorecard B8
Treasury yield curve
Yield to maturity of current bills,
notes and bonds0.000.501.001.502.002.50%1
month(s)3 6 1
years2357102030maturitytTradeweb ICE
Friday ClosetOne year agoForex Race
Yen, euro vs. dollar; dollar vs.
major U.S. trading partners–10–50510%2020 2Euros
Yen
sWSJ Dollar indexsSources: Tradeweb ICE U.S. Treasury Close; Tullett Prebon; Dow Jones Market DataCorporate Borrowing Rates and Yields
Spread +/- Treasurys,
Yield (%) in basis pts, 52-wk Range Total Return
Bond total return index Last Wk ago Last Low High 52-wk 3-yr
U.S. Treasury, Barclays 0.630 0.570 6.81 5.02
U.S. Treasury Long, Barclays 1.590 1.440 12.99 9.47
Aggregate, Barclays 1.200 1.160 n.a. 39 127 6.78 5.20
Fixed-Rate MBS, Barclays 1.330 1.290 n.a. 28 132 3.81 3.68
High Yield 100, ICE BofA 3.761 3.924 339 271 1018 5.161 4.903
Muni Master, ICE BofA 0.941 0.966 32 -12 41 5.065 4.472
EMBI Global, J.P. Morgan n.a. 4.487 n.a. n.a. n.a. n.a. n.a.
Sources: J.P. Morgan; S&P Dow Jones Indices; Bloomberg Barclays; ICE Data ServicesConsumer Rates and Returns to Investor
U.S. consumer rates
A consumer rate against its
benchmark over the past year
0.000.400.801.201.60%DJ
2020FMAMJJASONDtFive-year CD yieldstFederal-funds
target rateSelected rates
5-year CDs
Bankrate.com avg†: 0.58%
Colorado Federal Savings Bank 0.80%
Greenwood Village, CO 877-484-2372
Washington Savings Bank 0.80%
Lowell, MA 978-458-7999
TAB Bank 0.85%
Ogden, UT 800-355-3063
CFG Community Bank 0.88%
Baltimore, MD 888-205-8388
First Internet Bank of Indiana 0.96%
Indianapolis, IN 888-873-3424
Yield/Rate (%) 52-Week Range (%) 3-yr chg
Interest rate Last (l)Week ago Low 0 2 4 6 8 High (pct pts)
Federal-funds rate target 0.00-0.25 0.00-0.25 0.00l 1.50 -1.00
Prime rate 3.25 3.25 3.25 l 4.75 -1.00
Libor,3-month 0.23 0.23 0.20l 1.96 -1.28
Money market,annual yield 0.20 0.21 0.19l 0.58 -0.13
Five-year CD,annual yield 0.58 0.58 0.58l 1.41 -0.91
30-year mortgage,fixed† 2.94 2.95 2.90 l 4.22 -0.96
15-year mortgage,fixed† 2.37 2.43 2.37 l 3.57 -0.95
Jumbo mortgages,$510,400-plus† 2.97 3.00 2.90 l 4.36 -1.32
Five-year adj mortgage(ARM)† 3.21 3.21 2.85 l 4.61 -0.44
New-car loan,48-month 4.04 4.04 4.04 l 4.50 0.86
Bankrate.com rates based on survey of over 4,800 online banks. Base rate posted by 70% of the nation's largest
banks.† Excludes closing costs. Sources: FactSet; Dow Jones Market Data; Bankrate.com
S&P 500 Index
3699.12s60.77, or 1.67% last week
High, low, open and close for each of
the past 52 weeksLast Year ago
Trailing P/E ratio *
P/E estimate *
Dividend yield *
All-time high41.65 24.36
25.97 19.18
1.65 1.85
3699.12, 12/04/2020002250250027503000325035003750D J F M A M J J A S O N D65-day moving average200-day moving averageNasdaq Composite
s258.39, or 2.12%
last week12500123001210011900
27
November301 2 3 4DJ US TSM
s654.94, or 1.73%
last week38500380003750037000
27
November301 2 3 4International Stock Indexes
Latest Week 52-Week Range YTD
Region/Country Index Close % chg Low Close High % chg
World The Global Dow 3492.03 2.51 2138.97 • 3492.03 7.4
DJ Global Index 484.77 1.55 292.30 • 484.77 11.7
DJ Global ex U.S. 280.94 1.36 174.38 • 280.94 6.6
Americas DJ Americas 873.00 1.80 512.68 • 873.00 14.7
Brazil Sao Paulo Bovespa 113750.22 2.87 63569.62 • 119527.63 –1.6
Canada S&P/TSX Comp 17520.97 0.72 11228.49 • 17944.06 2.7
Mexico S&P/BMV IPC 43646.03 4.73 32964.22 • 45902.68 0.24
Chile Santiago IPSA 2874.97 1.66 2045.49 • 3567.90 –13.8
EMEA Stoxx Europe 600 394.04 0.21 279.66 • 433.90 –5.2
Stoxx Europe 50 3091.07 0.03 2383.14 • 3539.12 –9.2
Eurozone Euro Stoxx 394.20 0.18 261.53 • 421.34 –2.4
Euro Stoxx 50 3539.27 0.33 2385.82 • 3865.18 –5.5
Austria ATX 2656.62 2.22 1630.84 • 3229.37 –16.6
Belgium Bel-20 3726.86 0.20 2528.77 • 4198.31 –5.8
France CAC 40 5609.15 0.20 3754.84 • 6111.24 –6.2
Germany DAX 13298.96 –0.28 8441.71 • 13789.00 0.4
Greece Athex Composite 784.95 6.56 484.40 • 948.64 –14.4
Israel Tel Aviv 1447.02 –2.65 1171.21 • 1751.79 –14.0Italy FTSE MIB 22178.80 –0.78 (^14894) • 25478 –5.6
NetherlandsAEX 615.67 0.65 404.10 • 629.23 1.8
Portugal PSI 20 4702.82 1.10 3596.08 • 5435.85 –9.8
Russia RTS Index 1357.39 4.22 832.26 • 1646.60 –12.4
South AfricaFTSE/JSE All-Share 59419.37 2.76 37963.01 • 59419.37 4.1
Spain IBEX 35 8322.90 1.61 6107.2 • 10083.6 –12.8
Sweden OMX Stockholm 758.28 –0.54 478.95 • 762.42 11.4
Switzerland Swiss Market 10364.50 –1.30 8160.79 • 11263.01 –2.4
U.K. FTSE 100 6550.23 2.87 4993.89 • 7674.56 –13.2
Asia-Pacific
Australia S&P/ASX 200 6634.10 0.50 4546.0 • 7162.5 –0.7
China Shanghai Composite 3444.58 1.06 2660.17 • 3451.94 12.9
Hong Kong Hang Seng 26835.92 –0.22 21696.13 • 29056.42 –4.8
India S&P BSE Sensex 45079.55 2.11 25981.24 • 45079.55 9.3
Japan Nikkei Stock Avg 26751.24 0.40 16552.83 • 26809.37 13.1
Malaysia FTSE Bursa Malaysia KLCI 1621.85 0.89 1219.72 • 1628.26 2.1
Singapore Straits Times 2839.89 –0.56 2233.48 • 3281.03 –11.9
South KoreaKospi 2731.45 3.72 1457.64 • 2731.45 24.3
Taiwan TAIEX 14132.44 1.91 8681.34 • 14132.44 17.8
Source: FactSet; Dow Jones Market Data
Major U.S. Stock-Market Indexes
Latest Week 52-Week % chg
High Low Close Net chg % chg Low Close (l) High % chg YTD 3-yr. ann.
Dow Jones
Industrial Average 30218.2629463.6430218.26 307.89 1.03 18591.93 l30218.26 7.9 5.9 7.6
Transportation Avg 12748.4712371.3412742.08 180.65 1.44 6703.63 l12742.08 19.0 16.9 7.1
Utility Average 879.18 851.23 856.13 -17.05 -1.95 610.89 l 960.89 0.1 -2.6 3.9
Total Stock Market 38454.4637275.8338454.30 654.94 1.73 22462.76 l38454.3 19.4 16.4 12.0
Barron's 400 824.21 802.70 824.21 12.04 1.48 455.11 l 824.21 15.1 12.6 5.3
Nasdaq Stock Market
Nasdaq Composite 12464.2312027.1612464.23 258.39 2.12 6860.67 l12464.23 44.0 38.9 22.5
Nasdaq 100 12538.9212090.9312528.48 270.27 2.20 6994.29 l12528.48 49.2 43.5 26.0
S&P
500 Index 3699.20 3594.39 3699.12 60.77 1.67 2237.40 l3699.12 17.6 14.5 11.9
MidCap 400 2245.07 2165.63 2244.94 39.02 1.77 1218.55 l2244.94 11.0 8.8 5.8
SmallCap 600 1085.81 1032.86 1085.44 25.77 2.43 595.67 l1085.44 8.3 6.3 5.0
Other Indexes
Russell 2000 1892.45 1813.56 1892.45 37.18 2.00 991.16 l1892.45 15.8 13.4 7.3
NYSE Composite 14417.4013977.0514417.33 218.83 1.54 8777.38 l14417.33 6.1 3.6 4.5
Value Line 562.00 538.10 562.00 13.68 2.49 305.71 l 562.05 4.4 1.8 0.3
NYSE Arca Biotech 5626.94 5455.16 5619.64 108.06 1.96 3855.67 l 6142.96 10.7 10.9 10.4
NYSE Arca Pharma 684.03 666.48 684.03 15.37 2.30 494.36 l 684.03 8.7 4.7 8.3
KBW Bank 95.86 90.18 95.62 2.54 2.73 56.19 l 114.12-13.8 -15.6 -3.6
PHLX§Gold/Silver 141.93 131.15 139.34 5.58 4.17 70.12 l 161.14 45.3 30.3 21.0
PHLX§Oil Service 45.32 39.26 45.27 3.262 7.76 21.47 l 80.99-36.6 -42.2 -31.0
PHLX§Semiconductor2793.74 2604.50 2793.03 161.47 6.14 1286.84 l2793.03 62.0 51.0 31.5
CBOE Volatility 22.89 19.97 20.79 -0.05 -0.24 12.10 l 82.69 52.6 50.9 21.2
Nasdaq PHLX Sources: FactSet; Dow Jones Market Data
Commodities and
Currencies
Last Week YTD
Close Net chg % Chg % chg
DJ Commodity 694.22 -0.59 -0.09 8.08
TR/CC CRB Index 159.89 -1.08 -0.67-13.94
Crude oil,$ per barrel 46.26 0.73 1.60-24.24
Natural gas,$/MMBtu 2.575-0.268 -9.43 17.63
Gold,$ per troy oz. 1835.90 54.00 3.0320.82
U.S. Dollar Index 90.86 -0.93 -1.02 -5.74
WSJ Dollar Index 85.86 -0.75 -0.86 -4.14
Euro,per dollar 0.8250-0.0109 -1.30 -7.47
Yen,per dollar 104.19 0.10 0.10 -4.10
U.K. pound,in dollars 1.340.0123 0.92 1.33
52-Week
LowClose(l) High % Chg
DJ Commodity 433.70 l694.81 11.64
TR/CC CRB Index 106.29 l 187.39-11.75
Crude oil,$ per barrel-37.63 l 63.27-21.86
Natural gas,$/MMBtu1.482 l 3.35410.33
Gold,$ per troy oz. 1459.10 l 2051.50 25.82
U.S. Dollar Index 90.71l 102.82 -7.00
WSJ Dollar Index 85.77l 97.02 -5.26
Euro,per dollar 0.8231l 0.9352 -8.74
Yen,per dollar 102.37 l 112.11 -4.05
U.K. pound,in dollars 1.15 l 1.35 2.28
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Benchmark Yields and RatesBenchmark Yields and Rates
MARKETS DIGEST
Dow Jones Industrial Average
30218.26s307.89, or 1.03% last week
High, low, open and close for each of
the past 52 weeks
LastYear ago
Trailing P/E ratio
P/E estimate
Dividend yield
All-time high
29.74 20.85
24.61 18.65
2.03 2.25
30218.26, 12/04/20
16000
18000
20000
22000
24000
26000
28000
30000
D J F M A M J J A S O N D
Current divisor 0.15198707565833
Bars measure the point change from Monday's open
t
t
Week's high
Week's low
Monday's open
Friday's close Monday's open
Friday's close
DOWN UP
Primary
market ttComposite
65-day moving average
200-day moving average
NYSE weekly volume, in billions of shares
0
12
24
36
D J F M A M J J A S O N
Weekly P/E data based on as-reported earnings from Birinyi Associates Inc.;†Based on Nasdaq-100 Index
Currencies
U.S.-dollar foreign-exchange rates in late New York trading
US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Americas
Argentinapeso .0122 81.679636.4
Brazilreal .1939 5.156328.3
Canadadollar .7822 1.2785–1.6
Chilepeso .001344 743.90 0.6
Colombiapeso .000289 3466.00 5.6
EcuadorUS dollar 11 unch
Mexicopeso .0506 19.7732 4.5
Uruguaypeso .02345 42.645014.8
Asia-Pacific
Australiandollar .7427 1.3464–5.5
Chinayuan .1531 6.5316–6.2
Hong Kongdollar .1290 7.7504–0.5
Indiarupee .01355 73.803 3.4
Indonesiarupiah .0000709 14105 1.6
Japanyen .009598 104.19–4.1
Kazakhstantenge .002377 420.6710.2
Macaupataca .1252 7.9870–0.4
Malaysiaringgit .2463 4.0600–0.7
New Zealanddollar .7041 1.4203–4.4
Pakistanrupee .00625 159.985 3.2
Philippinespeso .0208 48.089–5.2
Singaporedollar .7487 1.3356–0.8
South Koreawon .00092261083.87–6.2
Sri Lankarupee .0053865185.65 2.4
Taiwandollar .03544 28.216–5.7
Thailandbaht .03310 30.210 1.5
US$ vs,
Fri YTD chg
Country/currency in US$ per US$ (%)
Vietnamdong .00004323 23131 –0.2
Europe
Czech Rep.koruna .04579 21.838–3.7
Denmarkkrone .1628 6.1408–7.8
Euro areaeuro 1.2121 .8250–7.5
Hungaryforint .003377 296.10 0.3
Icelandkrona .007969 125.49 3.6
Norwaykrone .1136 8.8005 0.2
Polandzloty .2712 3.6880–2.8
Russiaruble .01349 74.12219.4
Swedenkrona .1182 8.4572–9.7
Switzerlandfranc 1.1212 .8919–7.8
Turkeylira .1281 7.804731.2
Ukrainehryvnia .0353 28.350019.7
UKpound 1.3437 .7442–1.3
Middle East/Africa
Bahraindinar 2.6521 .37710.01
Egyptpound .0638 15.6700–2.4
Israelshekel .3058 3.2698–5.3
Kuwaitdinar 3.2856 .3044 0.4
Omansul rial 2.5976 .3850–0.01
Qatarrial .2746 3.642–0.1
Saudi Arabiariyal .2666 3.7511–0.01
South Africarand .0657 15.2282 8.8
CloseNet Chg% ChgYTD % Chg
WSJ Dollar Index85.86 0.09 0.10–4.14
Sources: Tullett Prebon, Dow Jones Market Data
Public Offerings of Stock
IPOs in the U.S. Market
Initial public offerings of stock expected this week; might include some
offerings, U.S. and foreign, open to institutional investors only via the
Rule 144a market; deal amounts are for the U.S. market only
Symbol/ Pricing
Expected primary Shares Range($)
pricing date Filed Issuer/business exchange (mil.) Low/High Bookrunner(s)
12/9 11/12 Hydrofarm Holdings Group Inc HYFM 8.7 14.00/JPM, Stifel, DB,
Independent distributor
and manufacturer of
controlled environment
agriculture (“CEA”,
principally hydroponics)
equipment and supplies,
including a broad portfolio
of our own innovative
portfolio of proprietary
branded products.
Nq 16.00Truist Financial
Corp, W. Blair LLC
12/8 11/13 DoorDash Inc DASH 33.0 75.00/GS, JPM, Barclays, DB,
Software-E-Commerce
company engaged with
online food delivery
services.
N 85.00RBC Cptl Mkts,
UBS
12/8 11/13 PubMatic Inc PUBM 5.9 16.00/Jefferies, RBC Cptl Mkts
Provider of ad optimization
platform for web
publishers.
Nq 18.00
12/8 11/13 C3.ai Inc AI 15.5 31.00/MS, JPM, BofA Securities, DB
Software-Computer,
Traditional & Other.
Software company
engaged with industrial-
scale IoT applications.
N 34.00
12/9 11/16 Airbnb Inc ABNB 51.9 44.00/MS, GS, Allen & Co LLC,
Software-E-Commerce
company operating an
online marketplace for
users to list, discover and
book travel
accommodations around
the world.
Nq 50.00BofA Securities,
Barclays, Citi, BNP
Paribas, Mizuho
12/10 11/18 Certara Inc CERT 24.4 19.00/Jefferies, MS, BofA Securities,
Software-Medical
Technology company
engaged with accelerating
medicines to patients
using biosimulation
technology to transform
traditional drug discovery
and development.
Nq 22.00Credit Suisse,
Barclays, W. Blair
LLC
Lockup Expirations
Below, companies whose officers and other insiders will become eligible
to sell shares in their newly public companies for the first time. Such
sales can move the stock’s price.
Lockup Offer Offer amt Through Lockup
expiration Issue date Issuer Symbol price($) ($ mil.) Friday (%) provision
Dec. 8 June 11, ’20AZEK AZEK 23.00 625.0 49.0 180 days
June 10, ’20Lantern Pharma LTRN 15.00 25.0 2.0 180 days
June 9, ’20uCloudlink Group UCL 18.00 50.0 –36.1 180 days
June 9, ’20Vroom VRM 22.00 356.3 50.6 180 days
Dec. 9 June 12, ’20Burning Rock Biotech BNR 16.50 195.8 54.5 180 days
June 11, ’20Generation Bio GBIO 19.00 185.0 147.8 180 days
June 11, ’20Avidity Biosciences RNA 18.00 210.0 80.7 180 days
June 12, ’20Vaxcyte PCVX 16.00 210.0 96.7 180 days
Sources: Dealogic; Dow Jones Market Data
Other Stock Offerings
Secondaries and follow-ons expected this week in the U.S. market
None expected this week
Off the Shelf
“Shelf registrations” allow a company to prepare a stock or bond for
sale, without selling the whole issue at once. Corporations sell as
conditions become favorable. Here are the shelf sales, or takedowns,
over the last week:
Takedown date/ Deal value
Issuer/Industry Registration date ($ mil.) Bookrunner(s)
Elanco Animal Health Inc Nov. 30 $1,648.6BofA Securities, GS, Credit Suisse
Healthcare Jan. 21, 320
Intellia Therapeutics Inc Dec. 1 $201.3 GS, Jefferies, SVB Leerink
Healthcare Nov. 30, 320
Cogent Biosciences Inc Dec. 1 $100.0 Jefferies, Piper Sandler
Healthcare April 2, 319
Sunnova Energy International Inc Nov. 30 $297.9 GS, BofA Securities, JPM,
Utility & Energy Aug. 3, 320 Credit Suisse
Twist Bioscience Corp Dec. 2 $308.2 JPM, GS, Cowen & Company LLC,
Healthcare June 3, 320 Evercore Inc
Reata Pharmaceuticals Inc Dec. 1 $281.7 Barclays, GS
Healthcare July 23, 318
BeiGene Ltd Dec. 1 $340.1 GS
Healthcare May 11, 320
Rexford Industrial Realty Inc Dec. 2 $284.4 JPM, GS
Real Estate/Property Nov. 6, 320
Syneos Health Inc Dec. 1 $371.4 GS, BofA Securities
Healthcare Nov. 27, 318
Evoqua Water Technologies Corp Dec. 1 $301.8 Citi
Utility & Energy March 4, 320
Cambium Networks Corp Dec. 3 $70.0 JPM, Jefferies,
Telecommunications Nov. 10, 320 Raymond James & Associates Inc
JetBlue Airways Corp Dec. 1 $604.4 MS, GS, Barclays, BNP Paribas
Transportation March 1, 319
FuelCell Energy Inc Dec. 1 $224.4 JPM
Computers & Electronics Dec. 1, 320
Consolidated Edison Inc Dec. 1 $553.3 BofA Securities
Utility & Energy Aug. 2, 318
Allena Pharmaceuticals Inc Dec. 1 $13.0 HC Wainwright & Co LLC
Healthcare Dec. 3, 318
Veritone Inc Dec. 3 $55.5 Stifel, JMP Securities LLC,
Computers & Electronics June 1, 318 Roth Cptl Ptnrs
Codexis Inc Dec. 2 $75.0 Jefferies, Cowen & Company LLC,
Healthcare Dec. 6, 318 Stifel
Public and Private Borrowing
Treasurys
Monday, December 7 Tuesday, December 8
Auction of 13 and 26 week bills; Auction of 3 year note;
announced on December 3; settles on December 10announced on December 3; settles on December 15
Thursday, December 10
Auction of 4 and 8 week bills;
announced on December 8; settles on December 15
Track the Markets
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