Thursday, October 8, 2009

Bad 30yr Auction

$12 Bil 30yr auction
BtC of 2.37
4.009 % yield

10yr note futures dumped from 119.20 to 119.14

UPDATE: 10yr note continues lower to 119.07, stock market may have gotten spooked about the auction as it has followed the bond market lower...only in bizarro world can you have stocks and bonds sell off and watch the dollar rally with it