Notes and Stocks

The notes have traded on both sides of the Buy/Sell zones since the opening and now back up to the sell zone.  The results of the government auction of new 10 year notes will be released in about 10 minutes.  If the reaction is negative it may drive stock futures back towards their lows and set up another buying opportunity.  There is still plenty of time in the day to fade a down move.  Regarding the notes themselves, I don't see a good trade developing either way at this point.

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