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Does a Weak 10-Year Treasury Auction Mean the Bond Rally is Finally Toast?

From 247wallst.com

Treasury yields may still be too low for most sensible U.S. investors to chase today, but the yields on long-term rates have started ticking back up from the post-Brexit lows. Maybe a record stock market has at least a little allure now when you compare the dividends versus bonds. The 30-year Treasury long bond had a yield of 2.25% and the 10-year note yielded 1.52% on July 12. Only 7 of the 30 Dow Jones Industrial Average stocks had a yield of less than the 30-year Treasury. This and slightly better (or less bad) economic reports should set the tone for a fight in Treasury auctions ahead. Tuesday’s 10-year Treasury ... (full story)

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