Commodities Strengthened as Sentiment Buoyed by New Highs in Wall Street

Wall Street rallied to new record high ahead of the Thanksgiving holiday, driven by teach and healthcare shares. European shares also climbed higher as confidence over economic outlook overshadowed Germany’s political drama. US Treasuries were mixed ahead of the FOMC minutes for the November meeting. The yield curve flattened further to the level not seen in a decade with a +2 point rise in 2 years’ yields and 10 years’ yields.

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Commodities Strengthened as Sentiment Buoyed by New Highs in Wall Street