10 Year Treasuries Nose Dive At Auction

10 Year treasury yields hit 3.692% in today’s auction, which was well above where the 10-year treasuries were trading going into the auction.

Zero Hedge: Yields 3.692% vs. Exp. 3.680%… Bid To Cover 2.67 vs. Avg. 2.78 (Prev. 3.00) Indirects 33.2% vs. Avg. 43.27% (Prev. 29.0%) … Direct Take Down: Massive 13%

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