Longer-dated Treasuries rose as investors covered short positions. The sterling touched a five-year low after poor U.K. industrial production data. Oil rose on lowered supply expectations from Iran’s nuclear deal and gold traded up.
“It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it. – Nathan Mayer Rothschild.”