U.S. Treasuries have backed down from their opening highs, but they remain above their flat lines at this time. Treasuries reached session highs during the initial 45 minutes of the session, building on their early gains despite the release of a better than expected Retail Sales report for January. However, the market backpedaled from highs over the past 90 minutes, returning the 10-yr note to its opening level while the long bond has dipped below its starting mark. Equities trade in the red with the S&P 500 (-0.7%) outperforming the Nasdaq (-1.3%).
2-yr: -1 bp to 1.56%
3-yr: -2 bps to 1.78%
5-yr: -2 bps to 1.92%
10-yr: -1 bp to 2.04%
30-yr: -1 bp to 2.36%