Unlike yesterday's unexpectedly strong 3Y auction, which stopped through with impressive metrics despite the "hawkish" JOLTS report which showed a record number of job openings, moments ago the Treasury sold $23 billion in 10Y paper in a surprisingly poor refunding auction, which stopped with a large tail and with the smallest bid/cover since last November's Refunding.
http://www.zerohedge.com/news/2017-08-09/ugly-tailing-10y-auction-bid-cover-indirects-lowest-2016
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.