Intraday Update – Yields Off Lows, Stocks Back to Unchanged (mostly)

1:43 p.m. ET Unlike yesterday auction, today’s 7-yr Treasury auction had a poor showing. However, even before that long term yields and the Dollar came off session lows; stocks came off session highs. The Fed-sensitive 2-yr yield is still down 8 basis points (just off the lows of the day), but the 10-year is down…