U.S. equity markets surged in Thursday trading as investors cheered the successful IPO of GM and progress in the Irish debt crisis. All three of the major American indexes finished the day up roughly 1.5% while commodities also rebounded; oil gained 1.9% and gold surged 1.1%. Meanwhile, Treasury markets continued their slump as yields rose once again on the short and medium sections of the curve with the 10 year note yield trending close to the 2.95% mark before easing back to the 2.9% level to finish out the day. The main catalyst for today’s upswing came from Ireland, as news broke suggesting that the struggling nation was on the cusp of coming to terms with other EU members and the IMF over a bailout. According to Irish central bank governor Patrick Honohan, a loan package worth tens of billions of euros could be on the way, which would help to [...] Click here to read the original article on ETFdb.com. Related Stories: Daily ETF Roundup: DBA Sinks, RWX Soars Daily ETF Roundup: VXX Soars, DBA Sinks Daily ETF Roundup: CMF Sinks, DBA Soars