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US tsys have clawed back some of their......>

US TSYS
US TSYS: US tsys have clawed back some of their early losses but remain down on
the day as the steepening of the yield curve continued  with the long end
underperforming amid continued bearish steepening following on from last week. 
- The 10-year is down 04 trading at 117-17+ and the 2-year is down 2 ticks at
105-07. 
- After early declines on optimism surrounding Chinese RRR cuts, the space
received a bid from the decline in Chinese stocks as markets resumed trading
following last week's holiday. However, the correlation between tsys and stocks
generally remains weak with declining US equities yet to trigger a recovery. 
- Cash markets are closed for Columbus Day. 

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