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US Tsy futures are trading just off daily...>

US TSYS: US Tsy futures are trading just off daily highs across the board with
the 10-year at 118-09 as it attempts to break out of its downtrend from the
mid-August highs. 
- Bond and equity correlations have risen sharply as lower US equity futures
have supported prices. 
- The 10-year yield has managed to rise off its lows at 3.1536% but would need
to rise back above 3.2% to return the focus higher.
- The curve has remained unchanged from the US close at 32.36bps following
yesterday's drop. The underperformance in the 30-year continues with the 10s-30s
trading near multi-month highs at 18.35bps.
- Real 10-year yields have dropped back below 1.0%, extending yesterday's losses
and looking very attractive from a relative value perspective. 

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