Afternoon Update Update – Yields @ Session Highs Drag Averages to Session Lows

3:45 p.m. ET The averages have legged lower with higher yields. SP-500 -0.95%, Dow -0.8%(Transports -2%), NASDAQ-100 -1.1%, Small Caps -1.55% The 1 p.m. 30-year Treasury auction was much weaker than yesterday’s 10-year, and more along the lines of Tuesday’s weak 3-year. That has sent TSY yields to session highs… 10-year UST yield (15m) you…