U.S. Treasury 10-Year Yield Forecasts Drop
Economists cut their forecasts for Treasury 10-year yields this year to the lowest level since Bloomberg began surveying for the projection, on concern U.S. politicians are struggling to avert the so-called fiscal cliff.
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Russia, Saudi Oil Ministers Meet as OPEC Cut Looms
11:39 - Saudi Arabia says it is optimistic about the oil price, but that confidence must be rebuilt. Oil Minister Khalid Al-Falih spoke after three-way talks with Russia and Qatar in Riyadh. He said the gulf nations and Russia have reached a common understanding to cooperate in stabilizing prices. Bloomberg's Anthony DiPaola reports on "Bloomberg Markets: Middle East." (Source: Bloomberg)