Early Bonds: Treasury yields sharp turn higher after GDP/Claims data release.
Early selling has driven yields on longer tenors back toward their closing levels from Monday while yields on shorter tenors remain a bit below those levels.
U.S. Treasury will sell $35 bln in 7-yr notes this afternoon.
Yields:
2-yr: +11 bps to 4.03%
3-yr: +10 bps to 3.77%
5-yr: +7 bps to 3.55%
10-yr: +6 bps to 3.49%
30-yr: +4 bps to 3.73%