U.S. Treasuries sit on their lows after adding to their initial losses.
The 10-yr note and shorter tenors began the day near their lows from Friday while the long bond slipped past its low from Friday at the open. The market has added to its losses since then with longer tenors continuing their underperformance.
The selling comes amid some renewed economic optimism in Europe, but equities have gotten off to a shaky start. The S&P 500 hovers juts below its flat line while the Nasdaq (-0.5%) underperforms.
2-yr: +2 bps to 4.22%
3-yr: +6 bps to 3.96%
5-yr: +9 bps to 3.70%
10-yr: +10 bps to 3.58%
30-yr: +11 bps to 3.65%