The Treasury auction bounce in stocks is looking like the dead-cat variety

<p>The market is starting to conclude that a 1.2 bps stop through after a one-way 25 bps move since in the start of the week isn't exactly a sign of a peak in yields.</p><p>Meanwhile, Mortgage News Daily reports that its index of 30-year fixed mortgages hit 8% today.</p>

This article was written by Adam Button at www.forexlive.com.