Intraday Update Selling at 50-Day SMA’s

11:46 a.m. ET Yields are about the same as the last update (2y +4bp and 10-yr +2bp). These aren’t huge moves in yields, although the 2-year above 5.00% earlier today and very close now, is one of those psychological triggers, just as the 10-yr above 4.00% caused a 3 week decline in the S&P. In…