Pepperstone: A few decent market moves starting to develop, despite the rangebound and choppy trade seen in FX & equities…Treasuries extending earlier gains to day highs/yield tights led by the belly with 5s down 5bp on the day…

…that, in turn, is helping push gold to day highs with the yellow metal +1.5% testing $2,470/oz to the upside…

…crude also gaining ground with front Brent back above $80bbl, while front WTI trades +3% on the day, set for a 5th straight daily advance, while also rising north of the 50- and 200-day moving averages

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