The week comes to a dreary end as a renewed rally in the POSX drains all the energy from the commodity complex and creates a sea of red across the board. The best we can do at this point is take stock of where things stand and then prepare for another busy week to come that will be full of Goons and a slug of the latest inflation data.
So let's sum up the action over the past 60 hours or so...the back half of the week. On Wednesday, rates and POSX soared, leading to some of the biggest drops we've seen lately in CDG and CDS. Thursday saw rates and POSX fall back by about half of...
