The long awaited consumer confidence number came in weaker-than-expected Tuesday, extending the treasuries rally that started overnight and which then continued beyond the weak durable goods number. Treasury yields fell across the curve on a 3PM to 3PM basis although the back end outperformed. The 2Y yield ended the day down only 0.8bps to 4.456% with the 5Y yield falling 4.8bps to end at 4.731%. The 10Y yield shed 8bps to end at 4.968% and the 30Y yield dropped 9.6bps to end at 5.352%.