- Decent Data and Boomy Stocks Brought The Pain Last Week
- Another round of auctions coming this week contributed as well
- Negative Tsy sentiment from last week carries over as traders "make room" for potentially negative auction results and allocation adjustments
- Nothing to mitigate the damage until hard data arrives.
- All we get is new home sales and TIPS auction today
2s vs. 5s: 155bps
2s vs. 10s: 268bps
5s vs. 10s: 113bps
NYMEX Crude: 68.29
Dollar Index: 78.52
VIX: 23.09