Another day in the barrel

Today on Comex, rates and POSX are rising. Could word of Jerry Jhole’s speech be leaking? May be. We’ll never know. But a 50¢ rise in POSX caused all kinds of price damage in the first two hours of Comex trading today.

And there is no news to drive the POSX rally and bond sell-off. But late yesterday after the FOMC minutes, CDG peaked near $2559 and…