Early Update – Yields Sure, Averages Try to Break Out

11:02 a.m. ET We’re off to an interesting start.  Treasuries plunged heading into the open, sending yields soaring. At present the 2-year yield is up +18 bp, the 10-year yield up 15 bp and 30-year up 12 bp in curve flattening trade. The reason seems to be a note released by CITI bank economists increasing…