- Today's strong auction of five-year Treasury notes showed record demand from indirect bidders, mostly foreign central banks.
- "I think there is a very large Hint here," says Mark Grant of Hilltop Securities, noting central bankers talk to each other and it's likely overseas central bank would not be jumping in to shortish-term paper in a large way if they had been tipped off about an imminent rate hike.
- Source: Amey Stone at Barron's
- ETFs: IEF, PST, IEI, TYO, UST, DTYS, VGIT, TBX, SCHR, ITE, GSY, TYD, DTYL, DFVL, TBZ, DFVS, TYNS, HYDD