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The treasury curve collapsed yesterday in...>

US TSYS
US TSYS: The treasury curve collapsed yesterday in line with the rout in US
stocks and further negative surprised in US data, with the Citi economic
surprise index falling to 8-month lows following the weakness is durable good
ex-trans and pending home sales. The 2s-10s curve dropping to a new low but
bouncing slightly this morning to 33.92bps. The 30-year outperformed with the
10s-30s giving back recent gains and falling to 14.12.
- After breaking above the June 19 high with ease, the 10-year 121-03 seen on
May 21. The 2-year has also risen above its June 19 high and continues to rise
this morning, trading at session highs of 105-31+.
- Real 10-year yields plunged 0.7085%, testing their May 30 lows as the drop in
stocks failed to cause a drop in inflation expectations. 
- - T-Notes last at 120-12+, US 10-Year yields closed at 2.8310%.
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