Rates pulled back so sharply from menacing heights last week that one suspects Trump’s “team” was working its magic from the shadows. The president may not be able to control interest rates, but there is little doubt he can jostle them around for a little while when things start to get ugly.  The week finished with a small bounce from slightly beneath a correction target at 4.43%. Although it’s hard to tell whether this will prove to be the beginning of another scary run-up, a relapse exceeding Friday’s low would portend more slippage to as low as 4.33%.