Even when EUR/USD was flirting with 1.43, commodities held onto the bulk of their gains. The CRB is up 1.2% and oil is now at $99.51, up $2.33.
On the yield side of the equation, German yields continue to fall. 2-year German schatz are at 1.69%, down 25 bp since last Thursday.
Conflicting signals from those two sectors…
