US Treasury futures have recovered some.....>

US TSYS: US Treasury futures have recovered some of their losses today with the

10-year trading at 117-19+ after hitting as low as 117-17. The close correlation

between DXY and 10-year futures that was seen yesterday appears to have broken

down today. 

- The curve has seen further steepening pressure with the 2s-10s rising 2bps to

trade at 36.37bps, its highest since June. The 5s-30s curve has steepened even

more, rising 2.2bps to trade at 35.47bps as steepening pressures mount. 

- 10-year yields hit new cycle highs of 3.0250% today before dropping back to

3.2400%, as did real yields, with the 10-year inflation yield rising 0.8bps to

1.0659%, back to 2010 levels. 

- Yields last trade at: 2Y 2.873%, 5Y 3.069%, 10Y 3.240%, 30Y 3.426%.