U.S. Treasuries sit on their lows after backtracking from their starting levels.
The 10-yr note and the long bond showed relative strength at the start, but they were quick to slip from their highs while the past 40 minutes have seen a slide to fresh lows across the curve.
The early selling has the 10-yr yield right below last week’s high (4.223%) while the 30-yr yield is at its highest level in over two weeks.
Equities are little changed with the S&P 500 (+0.2%) trading ahead of the Nasdaq (UNCH).
2-yr: +6 bps to 4.73%
3-yr: +7 bps to 4.64%
5-yr: +5 bps to 4.37%
10-yr: +3 bps to 4.19%
30-yr: +3 bps to 4.28%