Ugly, tailing 2Y Treasury auction prices at highest yield since 2008

ZeroHedge/Tyler Durden/4-24-2018

“Overall, a poor, rocky auction, as the market is growing increasingly convinced that the Fed will continue hiking rates for a while, and as a result the Treasury may soon have trouble selling paper on the short, if not so much, long end.”

MK note:  Is this the real motivation behind the stock market’s more than 500 point drop thus far today?

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