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Post-5Y Auction Decline, 10Y Through First Support/Session Lows

US TSY FUTURES
Tsy yields climbing again -- back near session highs in a gradual move following small tail in Tsy 5Y auction (0.831% high yld vs. 0.828% WI.
  • Tsy 10Y futures through first support of 133-20 to 133-18 low (-13.5/32). Second support 133-12.5/133-09.5: Trendline drawn from May 30 low / Low Aug 11.
  • Overall volumes remain deceivingly heavy due to large Sep/Dec quarterly rolling.

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