A Flat Start

T-Notes trade little changed to start the week, last dealing +0-00+ at 132-13+, after the contract finished the final session of last week shy of its early NY highs.

• Weekend news flow centred on the simmering Israeli-Palestinian tensions, with little in the way of material news flow observed elsewhere, barring some apparent discontent from the UK & Northern Ireland re: Brexit matters.
• To recap, the cash Tsy curve bull flattened on Friday, with 30s leading the way, richening by ~5.5bp come the bell. The bulk of the richening move took place ahead of U.S. hours, with the lower yield environment and some likely short covering supporting U.S. equity indices after the weakness seen earlier in the week.
• Friday's domestic data fell on the disappointing side of the spectrum, with retail sales, industrial production and the headline UoM sentiment readings all missing consensus, while the inflation expectations components in the latter surged to multi-year highs.
• The monthly suite of Chinese economic activity data is set to dominate in Asia-Pac hours, while comments from Fed Vice Chair Clarida headline the U.S. domestic docket on Monday. We should also highlight that some desks have suggested that this week's US$ IG corporate issuance could hit somewhere in the region of $30-35bn.