U.S. Treasuries are on track for a lower start with longer tenors expected to pace the early weakness.
In Europe, there has been continued talk about more rate hikes while crude oil is on the rise after Russia announced that its output will be reduced by 500,000 barrels starting next month.
The U.S. Dollar Index is up 0.3% at 103.52, hovering just above its 50-day moving average (103.49).
Yields
2-yr: -1 bp to 4.51%
3-yr: UNCH at 4.18%
5-yr: +1 bp to 3.89%
10-yr: +2 bps to 3.70%
30-yr: +3 bps to 3.77%