Tsys are weaker on the day as stability.....>

US TSYS: Tsys are weaker on the day as stability has resumed to global FX

markets, with yen also weaker on the day. The 2-year future is underperforming,

taking out yesterday's intraday low as the curve flattens across the board. 

- The 2s-10s curve has edged down 0.5bps to 25.8bps, while the 5s-30s has fallen

0.7bps to 28.9bps, back from its two-month high. The 10s-30s has also come in as

30-year bonds have outperformed on the day.

- Sep eurodollar futures have remained bid even as longer-dated contracts have

sold off as markets slightly push out their expectations regarding the hiking

cycle.  

- 10-year futures last at 120-05+. 

- Yields last at: 2Y: 2.621%, 5Y: 2.758%, 10Y: 2.884%, 30Y: 3.049%.