 Were back to where we started.US markets have completely erased the moves after the strong non-farm payrolls report. The SP 500 is now down just 5 points to 4071 and on track for a weekly close above 200-day moving average for the first time since April. Its an impressive performance.More curious is the relentless bid in long-dated bonds. US 10s are down 3 bps to 3.49 from a high of 3.63. US 30s are down 8 bps to 3.55 from a high of 3.70.One line of thinking is tha... 