Closing Market Wrap 12/12/17 : Ante Omnia Armari.

– RISING BOND YIELDS BOOSTS FINANCIAL STOCKS

The WTI-Brent spread widened out to as much as $7, the highest in more than two years, then narrowed to $6.50.

BrentWTI

Spot gold fell 0.2 percent to $1,239.93 an ounce.

Silver rose 0.4 percent to $15.77 an ounce.

Platinum fell for its eight straight session, down 1 percent at $876 ounce.

Palladium was 0.3 percent lower at $1,007.12 an ounce.

In US Equity Markets  the S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Fed to raise interest rate.

The Dow was up 0.57 percent, at 24,525.73.

The S&P 500 was up 0.28 percent, at 2,667.54.

The Nasdaq Composite was up 0.02 percent, at 6,876.70.

Boeing rose as much as 3.4 percent to $292.8 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback program with a new $18 billion authorization.

Comcast shares rose about 1.94 percent after the company abandoned its bid for most of the assets of Twenty-First Century Fox, leaving Walt Disney as the sole suitor of the $40 billion-plus deal.

In Bond Markets U.S. Treasury yields rose on Tuesday as investors reduced their debt holdings in advance of a $12 billion auction of 30-year government bonds and after stronger-than-forecast data on producer prices in November.

The 10-year Treasury yield was 2.410 percent, up 3 basis points from late on Monday, while the 30-year yield rose 3 basis points to 2.800 percent.

Two-year yields were up more than 2 basis points at 1.847 percent, which was the highest since October 2008.

-R.W.N II

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