Treasuries moved markedly lower on.....>

US TSY/RECAP: Treasuries moved markedly lower on Tuesday with the new lows in

prices seen across the board despite a slight recovery at the close. 10-year

yields closed firmly above 3.0% despite retail sales falling in line with

consensus, showing the continued fundamental upside pressure across the yield

curve. 10-year yield now back to 2011 levels. 

- Yield curve steepened with the exception of the 10s30s which hit a new low of

12.66bps. 2s10s rose to near 3-week highs at 49.58bps.

- Breakevens stayed within recent range causing 10-year linkers to hit new highs

at 0.8931%. 5-year linkers, at 0.7466%, are back at 2009 levels showing

increasingly tight Fed policy. 

- Tsy ylds: 2Y 2.574%, 3Y 2.7452%, 5Y 2.9186%, 7Y 3.0379%, 10Y 3.0723%, 30Y

3.2007%