U.S. Treasuries higher start with issues in the belly expected to show relative strength in the early going. U.S. Treasury will sell $35 bln in 10-yr notes this afternoon. President Biden delivered the State of the Union address last night, calling for taxes on billionaires and higher taxes on corporate buybacks.
Crude oil is seeking its third consecutive advance while the U.S. Dollar Index is down 0.2% at 103.18.
Yields:
2-yr: -1 bp to 4.45%
3-yr: -3 bps to 4.09%
5-yr: -4 bps to 3.80%
10-yr: -3 bps to 3.64%
30-yr: -1 bp to 3.70%