Tuesday, February 8, 2011


The two year just took out key support and moving down rather aggressively.  The ten year put in new lows from yesterday and the thirty year also is ready to test yesterday's lows.  The three year auction had very low indirect buyers (foreign central banks).  Primary dealers purchased over 60% of the offer.  Will be interesting to see how they close today.  The move in bonds the past six or so trading days have been pretty negative.


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