And BMO's Ian Lyngen said that.....>

US TSYS/RESEARCH: And BMO's Ian Lyngen said that the "German (2018 debt supply)

issuance revelation caused the bulk of the initial (US Tsys) selloff and, as is

so often the case, the price action itself then became the story as several key

technical levels were breached."

- "It's worth drawing the distinction between violating local support and a more

meaningful technical breakdown and Tuesday's price action was the former," he

added. "That said, 10-year yields broke 2.435% and the sector appears poised to

challenge the late-October yield peak of 2.476%. The long-bond was by far the

poorest performing sector and the selloff brought the 200-day moving-average of

2.867% into range - which is also an isolated yield peak from late-November."