News and views Sentiment soured after the US payrolls report, showing more jobs lost than the market expected. The S&P500 fell immediately (via the futures contract, prior to the opening bell), the index down 2.3% near the close this morning. Oil fell 4%, copper 1%, in sympathy. US 10yr treasuries’ gains were 12bp at one point, but late profit-taking resulted in a more moderate 4bp gain overall, the 2yr note outperforming at -6bp. US 3mth Libor was 1bp lower at 0.58%. In another surprise
