U.S. Treasuries sit on their lows after slipping from their opening highs
Treasuries marked their best levels of the session at the start. Economic data released this morning was limited to the Empire State Manufacturing survey for July, which fell to 1.1 from 6.6 in May while the consensus expected a reading of -8.0. Equities are off to a modestly higher start with the Nasdaq (+0.5%) trading ahead of the S&P 500 (+0.2%).
Yield:
2-yr: +3 bps to 4.76%
3-yr: +1 bp to 4.36%
5-yr: UNCH at 4.03%
10-yr: +1 bp to 3.83%
30-yr: +2 bps to 3.94%