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Sunday, December 11, 2016
The OPEC oil cartel twists the arms of the 11 non-OPEC governments
to cut oil production by a total of 558K barrels per day. The oil production
cut agreement one week ago targeted a 600K barrel reduction from the [Text is redacted. Purchase the 2016-12 chronology to enjoy December's economic and market history.] 5-year 1.89%,
10-year 2.47%, 30-year 3.16%. The yield curve continues to slightly steepen the
2-10 spread now up to 133 bips.