U.S. Treasuries sit on their highs after a steady rise off their opening levels.
However, even with the early bounce off lows, the 5-yr note and shorter tenors remain in negative territory while 10sn and 30s have turned positive. Treasuries began rising immediately after the cash start while a recent wave of buying sent the 10-yr note and the 30-yr bond into positive territory after they underperformed in early action.
Meanwhile, equities also opened in the red, and they too have been rising off their lows, though the S&P 500 (-0.1%) remains a bit below its flat line at this time.
2-yr: +1 bp to 5.10%
3-yr: +2 bps to 4.94%
5-yr: UNCH at 4.86%
10-yr: -1 bp to 4.92%
30-yr: -3 bps to 5.06%