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Breaking lower in late trade, long...>

US TSY FUTURES
US TSY FUTURES: Breaking lower in late trade, long end dragging balance of curve
lower. USM sitting on May 11 low around 178-17 to -15; May 6 next low: 178-01.
Break through 178-01 brings USM back to April 15 levels. TYM futures have pulled
back today following a failure Friday to top key resistance at 139-22, Apr 21
high. The pullback has left price trading within the range that has developed
over the past few weeks. Yld curves on session highs. Update:
* 3M10Y  +8.964, 60.785 (L: 48.618 / H: 60.785)
* 2Y10Y  +5.073, 54.445 (L: 49.202 / H: 54.609)
* 2Y30Y  +7.834, 125.588 (L: 117.507 / H: 125.921)
* 5Y30Y  +5.207, 106.893 (L: 101.463 / H: 107.805); Current futures levels:
* Jun 2-Yr futures down 2.125/32 at 110-6.875 (L: 110-06.75 / H: 110-09.875)
* Jun 5-Yr futures down 9.75/32 at 125-13.5 (L: 125-13 / H: 125-25.5)
* Jun 10-Yr futures down 20.5/32 at 138-22 (L: 138-21 / H: 139-12.5)
* Jun 30-Yr futures down 2-14/32 at 178-16 (L: 178-14 / H: 181-04)
* Jun Ultra futures down 4-28/32 at 218-25 (L: 218-21 / H: 224-02)

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