SM was cratering pretty good earlier with oil jumping over $3 and the 10 yr at 5.04% a couple hours ago.
Looks like some intervention in the bond market as rates are now right at 5% and oil up $1.70, with SM futures coming back. Not positive but well off the lows.
Even pm’s are coming back, although we know that’s not because of the PPT support. What a ridiculous game.
I suppose we’ll see how serious they are.