The S&P 500 posted its biggest gain of the year with 3.6% rebound in the aftermath of a tough month of May. Yields on the benchmark Ten Year Treasury rose to 1.63% after finishing the previous week below 1.5%.
Next Week’s Potential Market Moving Events:
Monday: All eyes will focus on the details and market reaction to the Spanish bailout news of the weekend.
Wednesday: An Italian bond auction is a worth keeping an eye on given the nervousness surrounding potential contagion of the European Crisis. The Producer Price Index (PPI) for the month of May will be released.
Thursday: The Consumer Price Index for the month of May is released.
Friday: Last day of trading before the Greek Elections of Sunday, which could well determine the ultimate fate of the Euro.
WEEKLY SECTOR ETF PERFORMANCE
|ETF Sector Performance|
|Week Ended June 8, 2012|
|LQD||Inv. Grade Corp Bond||2.3%||-0.7%||3.5%||4.1%|
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