Yields Higher – More Solid Breakout – After Poor 2-Yr Treasury Auction

1:17 p.m. ET Earlier today oil prices breaking out of a downward sloping corrective 6-week channel helped to cause the 10-yr yield to start to breakout of a nearly identical corrective channel. Some hawkish comments by MN Fed president Kashkari didn’t help matters either. Yields usually lag oil prices by several days to several weeks…