SocGen Previews Today’s Key 10Y Auction

SocGen Previews Today’s Key 10Y Auction

As I highlighted this morning in the latest from Bloomberg's Richard Breslow, this is an interesting week for Treasuries. Yields topped 2.5% this morning on the back of sharply higher crude prices and as Breslow put it, "there are a lot, lot more people talking 3% for 10s than 2%." As Bloomberg goes on to note, "Treasury auctions may tell us more about whether investors are ready to grab higher yields after absorbing capital losses." Right. We've seen some rather impressive bear steepening of l
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