Intraday Update – Yields Lower

1:46 p.m. ET The results of a $39 billion 10-yr note reopening met stellar demand, snapping a streak of poor note auctions. The 10-yr yield is down five basis points to 4.42% and the 2-yr yield is down for basis points to 4.84%. 10-yr yield (5m) response to auction results in red. Lower yields “should”…