Vaccine Momentum Carries On

Investors’ reaction to recent, positive vaccine developments have continued to push equity indices higher while Treasury prices slip a little lower. The apparent selection of Janet Yellen as Treasury Secretary is also credited with elevating investor outlooks. The Ten-Year’s yield has moved up a couple of basis points to 0.87% while the Long Bond remains just below 1.60%. Crude oil has rallied to just under $44 while gold’s $30 slide has taken that price to $1,808.

A little later this morning, Housing news will come our way through the FHFA House Price Index for September, and the Case-Shiller CoreLogic for the same month. The Conference Board will also publish its November update for its Consumer Confidence Index.