Yields Blowout... Again

Hello all,

After an ugly bond auction, the indices have rolled over and are trading near their lows after shaking off the hot CPI print earlier on in the session. 4380 continues to be an issue for bears on SPX / 4410 ES, and all rallies continue to get capped around that spot. Yields have retraced a good portion of the recent down move back near their hi…