"This idea that the bond rally is dead . is incorrect," says Dan Greenhaus, commenting on strong...

|By:, SA News Editor

"This idea that the bond rally is dead ... is incorrect," says Dan Greenhaus, commenting on strong demand at today's 2-year note auction. The bid/offer ratio of 3.69 beat the recent average of 3.53 and the average yield of 0.34% was lower than expectations. The long end likes the news too, the 30-year -4 bps to 3.3%, the 10-year -6 bps to 2.19%. TLT +0.8%.