Re Bonds….It’s early days but they are very over bought rates/oversold futures, so much so that u would not want to be buying rates here….as the odds are you’ll be sweating big losses v quickly, that may well turn out all right…… but.
So with the SM falling apart…it is very, very ominous that they are basically unch on the day, rates should be tanking here, with the SM and the overbought situation.