Already down big on the day, Treasuries extend losses after a weak auction of 7 year notes. The...

Already down big on the day, Treasuries extend losses after a weak auction of 7 year notes. The 30 year bond yield is up 20 basis points to 3.43%; at 2.36%, the 10 year is back to early August levels. The long-suffering holders of the leveraged short bond ETF catch a break. TBT +6%.