US Treasury futures are under renewed.......>

US TSYS: US Treasury futures are under renewed downside pressure as yesterday's

rally in line with falling US stocks proved short-lived with the 10-year future

dropping 03+ to trade at 117-19. 

- US T-note yields have resumed trading with an upward bias as the 10-year

trades up 0.7bps at daily highs at 3.2404%. The 2s-10s curve has continued to

steepen, up 1.58bps to trade at 35.95, its highest since June. The 5s-30s curve

has steepened even more, tacking on 2.03bps to trade at 35.29bps. Steepening

pressure is clearly mounting across the board.

- Real yields are also testing new cycle highs, with the 10-year

inflation-linked bond yield rising 0.6bps to 1.064%, back to 2010 levels. 

- T-Notes last at 120.14, yields: 2Y 2.877%, 5Y 3.068%, 10Y 3.329%, 30Y 3.423%.