Several non-voting members of the Federal Open Market Committee spoke out this morning in opposition to the Fed’s current stance of holding interest rates steady. One Governor said she would cut interest rates 0.75% before the end of the year if it was up to her, and another said he’s confident that the labor market and economy as a whole is heading for a slowdown.

Nevertheless, the 10 year Treasury auction that concluded a few minutes ago received a D+ reception from bidders, meaning that the buyers of debt aren’t convinced that rates are heading south before the onset of winter.