An Active Start

T-Notes stabilise after the early foray lower/breach of last week's low, with the contract now 0-04 off worst levels, last -0-02+ on the day, printing 136-18+. The downtick saw a brief look below the most sizable outstanding OI in the TYH1 options space (136.50). Little in the way of outline headline flow evident in the early goings, with Friday's fiscal matters probably at the fore early on, although some light pressure for e-minis has seemingly provided some counter, with the weekend news surrounding a Boeing aircraft crash weighing on the DJIA contract (some would argue that at least some of the pressure in that space is related to the downtick in Tsy futures). A decent start on the volume front in both Tsy & Eurodollar futures given the aforementioned Japanese holiday and resultant closure of cash Tsys until London hours (Eurodollar flow highlights can be found in earlier bullets).