Scary price action in front of the 30yr bond auction

Price action like this, where the 30yr bond's price action is almost the same range, in TICKS, as 10yr futures, is just ridiculous.   Everybody and their mother wants to sell strength in the 30yr bond (including me)...so there is NO strength to sell.  On the curve the 30yr has just steepened another basis point on very low volume, while 10yr futures (ZN) are at the top of their bell curve.

When the market has this much consensus, rarely do good things happen for the dealers.
Be afraid...be very afraid...