The selling just keeps on washing over the long-term bond market. After a brief bounce in the wake of the 2-year note sale
earlier this afternoon, bonds rolled over. Futures are now down 1 6/32 at 118 4/32. The yield on the 10-year Note has risen another 9 basis points to 3.54%. The dollar is still up on the day, but barely. An earlier rally to 80.78 on the Dollar Index has mostly evaporated, with DXY
up just 13 bps to 80.15 at last check.