Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (+0.3%), and DJIA (-0.1%) now sit at their best levels of the session.

Meanwhile, longer-dated Treasuries hover just below their rebound highs, while the short end remains behind, with the 2-year note (3.55%) trading just above its low. The entire complex has held its ground in reaction to today's first auction, which was just completed. The $58 billion 3-year note sale met good demand, as the high yield stopped through the when-issued yield by a tenth of a basis point, while the bid-to-cover ratio (2.65x) was just above average (2.63x). Indirect takedown (56.5%) made for the only blemish, coming in below average (70.6%). The U.S. Treasury will sell $39 billion in 10-year notes in just under 90 minutes.