TMTB EOD

Good afternoon. QQQs fell 35 bps after a not so good bond auction took the indices down from their highs (were up 55 bps at one point as mkt had shaken off a slightly hotter than expected CPI).  Treasuries fell and yields rallied 9-16bps across the curve and now sit near their highs. The dollar spiked 70bps.  The brief respite we have had from yields an…