OPEC, the Organization of Petroleum Exporting Countries, has agreed to lower production for the first time in 8 years

And the news was met with relief in markets, which have low expectations for any such commitment to materialize

It's 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 even the dollar or Mexican peso, the latter having made strong advantage yesterday after the US presidential election debate

In corporate bond markets, yields have grown lower after the Federal Reserve met earlier this month, with fear of any immediate rising policymakers tugging interest rate, taking a backseat for the time being

The chart of the Barclays AGG is delayed by one day, so does not include yield movements from today, but it still clearly shows a bump higher in yields around the Fed meeting before subsiding again

US government bond saw little activity today, with yields inching higher

And that's the New York Minute