More treasuries

Plenty of action/Volatility in treasury Complex today driven by large amount of IG paper announced today,Fed unwind trade,Roll activity and just maybe the late to the party short Vol traders getting a bit nervous.lets look at generic Vol metrics to see what Vol has been doing lately ,it has been trending lower.

MOVE Volatility index ,trending towards multi month lows
Expected 3m Volatility for 10s printing at multi month lows

Lets look at today’s Change in Interest rates across the Treasury Curve

The seven year Yields standout to me as the anomaly.

A handful of items causing the weakness in longer end today,A 30 year tips auction shouldn’t be ignored at noon.

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