Intraday Update – Yields Up, 3C Improving

1:50 p.m. ET SP-500 -1.05%, Dow -0.3%, NASDAQ-100 -1.95%, Small Caps -1.3% Two quick developments and their on opposite sides of the ledger so to speak…. A stellar 5-year treasury auction completed this afternoon and has sent yields higher. The 2-year is up nearly 3 bp, the 5-year, 10 and 30-year are up around 5…