Quick Look at 10yr Chart Ahead of the Auction

In moments, Treasury will auction $21 bln in reopened 10yr notes.  Reopenings have been strong vs refundings in terms of where the auction's high yield stops vs "when-issued" trading.  As a reminder, "when-issued" (or WI), can basically be thought of as the running estimate of where the auction's high yield will stop.  Before the auction though, I wanted to pop up yesterday's candlestick chart on 10yr yields, now updated with how today's candle would look if trading stopped right now.

Here's a 2 day chart where we can see the market does seem to be paying attention to this technical level so far: