We just wanted to get a quick note out here, first our settlement page from last Friday, where you will see the US Treasury market continues to get pounded out of the gate, Silver took a beating and the Russell2k plays catch up from last years beat down and the DAX is showing who’s boss, although it is stretched:
We saw another record US Treasury 3Y auction today with a chunky $58 Billion worth, which is some 2.3x over the last four years average! However the auction was taken down relatively easy as yields have probably come into some attractive areas given the US Govt 10Y hit 1.14% today nearing the all import 1.18% 61.8Fib level:
