Sunday, December 11, 2016

SUNDAY 12/11/16

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.

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