US TSYS: Futures Extend Lows Following Poor 5Y Sale

* Treasuries extend lows after a particularly weak 5Y sale with 3.1bp tail: FVZ6 marks 103-14.25 low and back to 103-16 last (-23.75) * TYZ6 down to 104-28.5 low, trades 104-30.5 last (-101.5). Next technical support: 104-25.5 (2.500 proj of Jun 30 - Jul 14 - 17 price swing). * Cross asset: while US$ extends gain (BBDXY 1213.91), crude has scaled back support to $91.50/bbl