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Tsys extended session highs in late....>

US TSY/RECAP
US TSY/RECAP: Tsys extended session highs in late trading amid the renewed drop
in stocks and oil, with real yields seeing some downside pressure despite the
continued drop in breakevens. 
- Yield curve steepened further as 2-year yield fell to fresh lows as rate hike
expectations continue to drop. 2s-10s extended to fresh 2 week highs. 
- Markets pricing in 65% chance of a 25bps hike from the Fed today with a dovish
tone going forward 
- Existing home sales for Nov (5.17m est), FOMC annc (1400ET), Fed Chair Powell
press conf. 
- Tsy ylds: 2Y 2.6439%, 5Y 2.6460%, 10Y 2.8175%, 30Y 3.0677%.

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