sep tember 28 is in the books on Wall
Street and it has been a day in which
oil prices have soared recovering from
yesterday's losses OPEC the Organization
of Petroleum Exporting Countries has
agreed to lower production for the first
time in eight years and the news was met
with relief in markets which had low
expectations for any such commitment to
materialize it sent energy stocks higher
recording their best days since January
with the broader S&P 500 index more
subdued but still adding to yesterday's
gains there was little movement in
either the dollar or mexican peso the
latter having made strong advances
yesterday after the u.s. presidential
election debate in corporate bond
markets yields of ground lower after the
Federal Reserve met earlier this month
with fear of any immediate rising
policymakers target interest rate taking
a backseat for the time being the chart
of the Barclays AG is delayed by one day
so does not include yield movements from
today but it still clearly shows a bump
hiring yields around the Fed meeting
before subsiding again US government
bonds or little activity today with
yields inching higher and that's the New
York minute