May 22 New York

DJIA rose by 89.99 to 20894.83 while SP500 gained by 12.29 to 2394.02.  Nasdaq Composite Index rose by 49.92.  10 year Treasury yield was 2.25.  The rate of the yen to the dollar was 111.08.

The 10 year Treasurt yield remained low despite high possibility that the Federal Reserve will raise its short term interest rates in June.

Kazuhide Matsuishi

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