I like jute wraps and when I do mine, I just wrap it on the bow before I seal or put on a finish of any kind on the bow. I spread titebond II on the bow before I wrap mine over it. Then, when I finish the bow (usually with a mixture of pine pitch, beezwax and lard) I go right over the jute wrap several times and you'd be surprised how nice the fibers lay down and how nice it feels in the hand after it's been gone over and soaked all that in. Also, it does not remain greasy and the color turns darker. It actually doesn't look like a jute wrap after it has had that and you handle it a few times. It looks like something more sophisticated, like a leather wrap with imprints or something.
CP