Bond Yields Spike After Auction Tails (TLT) (TBF)

Bond Yields spiked Thursday. Jefferies, citing directs, described the U.S. 30Y action as "poor", according to Bloomberg. A 2.8 bps tail was the described as the biggest since May 2014.

ETF traders are watching action in iShares 20+ Year Treasury Bond Etf (NYSE: TLT) and ProShares Short 20+ Year Treasury (NYSE: TBF).

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