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.