Treasury Action: yields remained elevated Treasury Action: yields remained elevated in the wake of the drop in jobless claims, which did little to slow the ramp-on rally in equities in the wake of the Fed and SNB meetings. That's seen the T-note yield clear 2.18% earlier compared to the 2.13% close before consolidating again. The 2s-10s spread has widened out to +155 bp, while the 5s-30s has settled near +112 bp. Stocks are poised to open sharply higher.
The SEC to hold a closed commission meeting Closed Commission Meeting to discuss institution and settlement of injunctive actions, institution and settlement of administrative proceedings and other matters relating to enforcement proceedings is being held at SEC Washington, D.C. offices on December 18 at 2 pm.
The FDA to hold a closed joint advisory committee meeting The Reproductive & Urologic Drugs Advisory Committee and the Drug Safety & Risk Management Advisory Committee discuss whether the FDA should permit further clinical development of an existing investigational drug product, which will include the review of trade secret and/or confidential information, in a closed meeting being held at FDA Silver Spring, Maryland offices on December 18 at 8:15 am.