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Perhaps the most important takeaway from the report is the comeback in aerospace.

• High yield 1.182%
• WI level at the time of the auction 1.17%
• Tail 1.2 basis points versus 6 month average of 0.8 basis points
• Bid to cover 2.51X vs 6 month average of 2.40X
• Directs 24.4% versus 18.9% 6 month average
• INdirects 62.1% versus 70.4% average
• Dealers 13.5% versus 10.7% average

This article was written by Greg Michalowski at investinglive.com.

The Pound Sterling (GBP) drops slightly to near 1.3340 against the US Dollar (USD) during the European trading session on Thursday.

Mexico 1st half-month Core Inflation came in at 0.18%, below expectations (0.19%) in October

Mexico 1st half-month Inflation below forecasts (0.36%) in October: Actual (0.28%)

“The Commerce Department is not currently negotiating equity stakes with quantum computing companies,” the spokesperson said in a statement.

USD/CHF eases slightly on Thursday after reaching an intraday high of 0.7987, trading around 0.7950 at the time of writing.

The major European indices closed higher on the day but by the UK FTSE 100 with a gain of 0.67%. Looking at the closing levels.

• German DAX +0.23%
• France’s CAC, +0.23%
• UK’s FTSE 100 +0.67%
• Spain’s Ibex +0.07%
• Italy’s FTSE MIB +0.41%.

As the London/European traders head for the exits, US stocks are performing well with the indices near highs for the day.:

• Dow Industrial average up 79 points or 0.17%
• S&P index up 29 points or 0.43%
• NASDAQ index up 170 points or 0.75%
• Russell 2000 +21.64 points or 0.88%

Yields in the US are higher:

• 2 year 3.475%, +3.2 basis points
• 5 year yield 3.598%, +4.6 basis points
• 10 year yield 3.999%, +4 .6 basis points
• 30 year yield 4.585%, +4.6 basis points

Gold is rebounding after 2 days of sharp declines. The price is currently up $41 or 1.02% at $4139.60 (see post from earlier today for the technical levels in play). Overhead resistance comes at the near converged 100 and 200 hour moving averages just below the $4200 level.

Silver is up $0.63 or 1.3% at $49.07.

Bitcoin is also stating a rally today with a gain of $2200 or 2.07% at $109,826

This article was written by Greg Michalowski at investinglive.com.

Freddie Mac is reporting that the 30 year fixed-rate mortgage rate averaged 6.19% in the October 23 week. That is down from 6.27% last week and is the lowest since October 3 week. The 10 year yield moved to a low yesterday at 3.936% which was the lowest level going back to April 7. The yield today is back above the 4% at 4.001% currently. The low 10 year yield for the year was at 3.86% reached in April.

Earlier today existing home sales came in at 4.06 million. Although higher, it is still scraping along the recent lows.

This article was written by Greg Michalowski at investinglive.com.

Earlier today, it was reported by the WSJ, that the Trump administration is in talks to take equity stakes in quantum computing firms. However, Yahoo finance is now reporting that that does not necessarily reflect the Trump administration’s current plans.

The WSJ reported that the Trump administration is in discussions to take equity stakes in several quantum-computing firms in exchange for federal funding, part of a broader effort to increase U.S. government involvement in strategic industries. Companies included in IonQ, Rigetti Computing, and D-Wave Quantum .

Following the report, quantum-computing stocks rallied sharply, with

• D-Wave currently up 15.9%
• IonQ up 10.05%
• Rigetti up 11.43%
• Quantum Computing up 8.07%

Yahoo Finance is now reporting that the proposed deals are not necessarily something the Trump administration is considering. They say that the White House has been approached with offers for the administration to take equity stakes for cash. However the president wants to get a good return for the taxpayer.

What may be under consideration would be warrants or loans that may not necessarily be with the company’s mentioned in the article.

Whatever the arrangement, I will be the last to know.

This article was written by Greg Michalowski at investinglive.com.