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US Tsys are off their highs following the...>

US TSYS
US TSYS: US Tsys are off their highs following the positive news out of Europe
regarding a migration agreement between Italy and the EU. The 10-year is trading
at its daily lows and has retraces almost all of the gains following Wednesday's
breakout. 
- The 2-year has followed suit and is showing even more promise of a bearish
reversal following its break below yesterday's low of 105-29+. The 30-year
continues to outperform although it too is off its highs. The 2s-30s spread is
now at new cycle lows at 45bps. 
- T-Notes last at 120-04, US Tsy ylds: 2Y 2.524%, 3Y 2.614%, 5Y 2.733%, 7Y
2.819%, 10Y 2.853%, 30Y 2.979%.

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