August 27th, 2009 11:53 AM by Eric Fang
The market fluctuates because of the bond auction and the stock market tradings. The most important thing is that the bond market is also trying to find its support and the direction, though there are huge resistance at the current level.
The demand for 7 yr Note auction is still strong. That's a good sign for the lower rate in the future after the base is built.