A risk-on tone has prevailed to.....>

US TSYS SUMMARY: A risk-on tone has prevailed to open the week, with Treasuries

weakening slightly Monday.

- The Jun 19 T-Note future is down 7.5/32 at 123-315, having tested a 123-29 low

a couple of times. The 2-Yr yield is up 3bps at 2.2903%, 5-Yr is up 3.3bps at

2.2664%, 10-Yr is up 3.7bps at 2.4422%, and 30-Yr is up 3.4bps at 2.8478%.

- Curves are steeper across the board, with 3M10Y further into positive

territory.  3M10Y +3.217 at 4.096, 2Y10Y +1.094 at 14.99, 2Y30Y +0.731 at

55.549, 5Y30Y +0.01 at 57.973.

- Overnight economic data has helped boost risk appetite: UK and China March

manuf PMIs surprised to the upside. S&P E-Minis up 0.63% at 2860.5.

- Fed Chair Powell interviewed at AEA conference in Atlanta (alongside Bernanke

and Yellen) at 1015ET. Atlanta Fed's Bostic also due up at same time.

- Richmond Fed's Barkin speaks at 1330ET.

- US retail sales (0830ET) and manufacturing ISM (1000ET) are the day`s data

highlights.