The two sides seem bound and determined to stick to their guns this time, their positions entrenched and unyielding. This afternoon’s White House meeting to avert a shutdown seems mere window dressing.

Naturally, futures are higher.

continued for members…

OPEC is reportedly considering another 137,000 bbd production cut ahead of the upcoming meeting, so oil and gas are both off about 2%.

This has taken a little off the 10Y and the 2s10s.But, the situation is very fluid.  Shutdown or no shutdown? And, for how long? And, which economic data would be released during the shutdown?

Stay frosty.