Ipso – a little short covering or maybe buying into the close. Hopefully a sign of better things ahead. This was a rough week for us.
Rates really turned today, they were down big after the jobs report but ended over 4 bips higher – a 10 point turnaround.
maddog – pretty big reversal for oil too. Rates and oil sort of explain the action in the metals, Funny how the SM just sails along no matter what happens.