Bond Yields Drop More, Some Averages Take on Resistance

2:18 p.m. ET SP-500 +1.5%, dow +1.5% (Transports +2.45%), NASDAQ-100 +1.4%, Small Caps +2.9% This afternoon’s 7-year Treasury auction was very strong, that’s caused yields to push lower (as yields and treasury prices move opposite each other). 10-year yield (1m) gapping down at the open, and lower after the 7-year auction (green) 10-year yield (60m)…