U.S. weekly jobless claims dropped by 19,000 this week to a seasonally adjusted 235,000; this is a multi-decade weekly low that hasn’t been reached since November of 1973.

Yields on fixed income securities continue to push higher across the globe with the 10-year U.S. treasury experiencing the largest biweekly increase in 15 years of 51 basis points, the Japanese 10-year government bond rising into positive territory since the first of the year and the 10-year U.K. gilt yield rising to pre-Brexit levels.

According to the Chicago Mercantile Exchange, the market is now pricing in a 95.4% probability the Federal Reserve will increase interest rates at the December 14 policy meeting.

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