Treasuries Muted Amid Increase in IG Debt Offerings-BBG

By Edward Bolingbroke
(Bloomberg) — Treasuries continue to grind lower — led by
front-end of the curve — in low volumes as IG credit slate
builds up over U.S. morning session. Market also has to digest
$78b of Treasury supply over 3-, 10- and 30-year debt sales this
* Yields cheaper by 4.5bp to 1bp across the curve with front-end
led losses flattening 2s10s by 2.8bp, 2s5s by 2.1bp
* IG credit issuance slate contains six new deals mostly focused
across front and belly of the curve
* As of 11:50am ET, UST volumes were 53% of 10-day average in
10-year notes

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