Strong figures on growth and inflation will reinforce expectations of higher Fed rates, supporting the dollar. Fed policy is now more and more data dependent.

The Fed will keep raising rates as an insurance policy to prevent unwanted inflation. We haven't seen a tightening of financial conditions.

The Fed sounded optimistic about growth, but its view that the risks of inflation and inflation expectations were reduced is the hallmark buy signal for the back end (of the bond curve),

This is obviously a continuation of what we've been seeing, which is strong economic growth and inflation expectations.

The environment is becoming unfavorable to bonds. I don't think the auction will be good.

People sold bonds excessively the past several days and yields became high enough to attract buyers. Declines in stocks are giving people a chance to pay more attention to the value of bonds.