Treasuries ended the day higher Thursday after a good 10-year TIPS auction. Economic data released in the morning did little to impact Treasuries, according to Informa. Jobless claims came in at 330,000 and business inventories came in TK than expected at 0.5%. Treasuries started off strong, aided by a Greg IP article talking of a "soft patch" and falling equities. There were large buyers of 3-years and 5-years, vs. 10-years and bonds and as the dollar rallied, bund/Treasury unwinds were talked and there were reports of euro/dollar unwinds, with the dollars going into the front end. Some hedge unwinds were also seen vs. the pricing of some corporate deals. The reopened $9 billion 10-year TIPS auction came in at 1.75% with good (42.4%) indirect buying. But then stocks hit lows and the curve saw some seriuous steepeners taking place en masse.