After a strong rally overnight in China and London, an early session pullback in New York made it appear that the fun was over for today. Nope! Instead, price regrouped and rerallied with the Jun25 CDG reaching all the way to $3102 and the spot price made a new all-time high, as well. What a fun day!
And even CDS got in on the act today with the highest price seen since the most recent peak back in October. So what comes next?
- Friday's PCE data will have an impact
- Fridays in 2025 have not generally been kind to us
- The end of March and the end
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