On an auction day for 10-year Treasuries, I was expecting the usual Dollar rally. It did rally yesterday, but today, so far, it's sliding down, yet the 10-year is up this morning sliightly (interest rates down). I'm sure the 10-year is up because the Fed is secretly buying the auction today

Also strange is while the 10-year is up slightly, so is the DOW, a lot because of increased economic confidence. They're usually inverse.

Gold isn't being clobbered like it usually is during Treasury auctions, but it's not exactly rallying either. Just a holding pattern in the $940 - $950 area.

But, one thing is consistent - ECU is down its usual penny for the day, so far.

Terry