Brexit Talks Looking Iffy

News overnight that trade negotiations between the United Kingdom and the European Union aren’t going so well has investors a little disquieted as equity markets struggle to maintain their momentum. Also in the news are renewed prospects for a possible fiscal stimulus deal before year’s end along with rising optimism that the FDA’s approval of the Pfizer vaccine could come as early as Thursday.

Today’s only scheduled data release will come this afternoon from the Federal Reserve when it is expected to report that Consumer Credit grew by $15.5T in October after September’s boost of $16.2T. Meanwhile, Treasury prices are up all along the curve and the Ten-Year’s yield has fallen a few basis points to 0.94%. The Long Bond is sitting at !.70% in early trading as the Two-Year remains little-changed at 15 basis points. Crude oil is off a half-dollar to $45.76 and gold’s $7 slip has taken that price to $1,832.