Is this a Sign of Higher Rates to Come?

Last week's Treasury auctions of 10 Year Bills and 30 Year Bonds did not go well which was surprising since yields had increased to their highest levels in several months. Thus, some pundits mentioned that "the smart money is betting that interest rates will rise" in the coming months as the supply of new debt will increase early next year and they are waiting for those higher rates before buying more Treasury securities.