Am I the only one playing the 800 level from both sides? I think we may have started our descent to 765 area. These failed treasury auctions in USA and UK are major events. Unless it's anomalous this augurs HIGHER INTEREST RATES at a time when the economic contraction is getting worse. You really think the Fed can own the entire long end of the Treasury curve? I don't think so. I hope I'm wrong but this could be the BEGINNING of a huge downward move. Anyone have a TECHNICALLY or FUNDAMENTALLY oriented opinion of this break? GL!