A limited first hour or so for the space....>

US TSYS: A limited first hour or so for the space this week, with Fed Chair

Powell offering little in the way of fresh insight on the MonPol front in two

addresses made since Friday's close.

- Late on Friday Powell said that the Fed's balance sheet may reach its new

normal size by the end of the year and repeated that the FOMC expects to

announce plans to end asset runoffs soon.

- Powell also reiterated the FOMC's patient approach on rate moves.

- In the address made just a few minutes ago Powell noted that the Fed's policy

rate is "roughly neutral."

- PBoC Governor Yi spoke over the weekend, re: the recent trade talks. While the

comments were relatively constructive there was once again a lack of hard,

measurable progress apparent.

- It also became apparent that U.S. President Trump is set to push for ~$8.6bn

for border wall funding in the latest budget.

- T-Notes last 122.24, U.S. 10-0Year cash Tsy yields closed at 2.628%.