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Eastern, we get existing home sales data. At 1 00 the u. S. Treasury is auctioning 35 million in fiveyear notes. Now the turn to our first take away, these are big stories. That great treasury sale continues with twoyear yields in the option yesterday the highest in 10 years. Continues toconomy struggle to get wage increases to keep up with inflation. Glencore reports earnings with catholics flow and earnings the turnaround in that company is so dramatic. It was on deaths door just a couple of years ago. Come inside the bloomberg. We had all those auctions yesterday, and this is what we saw. Yields rising to the highest level in 2008 print much across the board. Ira, what did we learned yesterday . We learned demand was maybe a little higher than perhaps people feared. I cant say there werent a little hiccups here and there. The threemonth bill demand maybe wasnt quite up to standard. But otherwise when you look at the 2year note and six months bill auction, they went ok. I think today ....
To catch on. Alix it appears like the market is interpreting this as a little bit of good, a little bit of that, so maybe this will go the straight and narrow. They have a huge rate hike, not necessarily issuing caution. It could be like these stocks are machine mushing around it but when that did not mush around. In justck is up 83 three days. The biggest threeday rally ever. On the one hand, the company to get immunity from the antitrust case against the former cofounder who died earlier this week, mcclendon. The 44 of the shares are available for trade, that are sold. And it is so high that any good yews will really really buo the stock. Scarlet a huge profit. And when you look at what is going on with the market, treasuries tumbled and to the 10 year yield at a onemonth high. And we are looking at this breaking even, declining after a 10 day advance, but investors are expecting 1. 52 over the next decade. And this is a rate of inflation. And with the currency, the dollar rally is o ....