After getting lifted post-ECB.......>

US TSYS SUMMARY: After getting lifted post-ECB asset purchase announcement,

we've been running weaker since in Treasuries, though we are well off the lows

as manic price action continues. 

- TYs up 23 ticks at 134-25+, hi: 135-04, low:133-21. Again, fairly light

volumes to this point given the circumstances, 388k TYs traded.

- Curves mixed but overall has reversed earlier steepening; 2s10s 1.2bps tighter

at 43.2bps, 2s30s out 1.1bps at 125.8bps.

- For its part, NYFed's got $50bln in asset purchases scheduled today, beginning

at 1000ET, purchases focused on short end Tsys (0-2.25Yr tenor $16bln).

- And $1trn in 2x O/N repo ops (concluding 0845ET and 1345ET respectively), with

2-week term at 0815ET.

- 0830ET sees initial jobless claims and Mar Philly Fed, could be interesting as

recent indicators of COVID-19 state of play.

- 10-Yr TIPS reopening at 1300ET.