U.S. financial markets ended the last “unofficial” week of summer in quiet fashion with the S&P 500 closing several points over 2000 to end the month of August. European bourses were up for the week, while many of the Asian markets finished modestly to the downside. For the month, global equity markets rose in value and domestic and European bond yields declined. Trading volume on U.S. exchanges has been very light, with volume in the month of July reported by The Wall Street Journal to be the lowest figure for the month of July since 2006. The 10-year U.S. Treasury Bond closed the week at 2.34%, a full 6 basis points (0.06%) lower than the previous Friday’s close.
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