US Treasury futures have largely shrugged...>

US TSYS: US Treasury futures have largely shrugged off the weakness seen in US

stocks, drifting slightly higher across the curve but trading in a tight range.

The 2s-10s curve is off its lows, trading at 34.37bps while the 10s-30s has

continued its steepening trend but is currently capped at its 50DMA. 

- The Conference Board's consumer confidence data will be released today with

the spread of expectations and current conditions likely to impact the yield

curve. The 2s-10s spread has shown a very tight correlation with the current

confidence-expectations spread, which has reached its lowest spread since 2001,

indicating that the current solid economic growth picture is not expected to

continue.

-  - T-Notes last at 120-00, US Tsy ylds: 2Y 2.528%, 3Y 2.625%, 5Y 2.748%, 7Y

2.837%, 10Y 2.878%, 30Y 3.027%.