Remarkably thin premiums.
In case you were wondering, there will be no deal on the 'fiscal cliff' until sometime in January, if then.
And remember that the debt ceiling is coming into play now, once again.
They might have a continuing resolution today, and even perhaps some sort of vague 'handshake deal' amongst the Congressional leaders and the President.
But come the end of the week the Senate, and especially the unruly House, must confirm anything in detail that is agreed to amongst the leadership.
And I suspect that this policy battle between austerity and expansion will be a continuing story throughout the new year.
