No numbers today and markets are quietly heading into the holiday weekend. News of an almost-done Brexit deal have provided some optimism for equity markets with Treasury prices little changed. Investors’ outlooks seem to be unaffected by the latest turmoil surrounding domestic efforts for a covid relief bill and the government funding legislation of which it is a part.
The Ten-Year’s yield looks steady at around 94 basis points with the Long Bond at 1.68%. Crude oil is off slightly to $47.74 while the price of gold has edged slightly higher to $1,874. The DJIA is slightly higher in pre-market trading. Merry Christmas to all!