Rates continue to MOVE

US 10 year - the break down

US 10 year extending the move lower, "well" below the 200 day moving average. Seems that lower for longer really is hitting the market.

Source: Refinitiv

Bond volatility on the move

Source: Refinitiv

Remember the copper/gold ratio and rates?

Source: Refinitiv

SPX - short term levels

Source: Refinitiv

Strong BS

Source: Piper Sandler

Implied volatility - natural floor

Source: Refinitiv

Still oil deficit

CTAs in oil

Oil's killing of the shorts

Source: Barclays

The OPEC put

Source: Goldman